Automated FX Trading Systems Galore But Still No Last-Sale Price Ticker Available

past-present-future

Despite the recent glut of automated trading systems for the interbank foreign exchange market, currency trading still lacks actual traded rate data, traders say. While the three main vendors -- Quotron Systems Inc., Reuters Holdings PLC and Telerate Inc. -- support their respective trading systems with contributed bids and offers, a last-sale ticker remains elusive.

A last-trade data feed would plug a conspicuous hole in data vendors' coverage of the foreign exchange marketplace. It would also

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