Online FX Advisory Services Face Squeeze Cancellations Mount As Banks Trim Budgets

Vendors of online foreign exchange analysis services report that their industry has been hit by a wave of subscriber cancellations. These services, which typically are offered as optional features on Telerate or Reuters screens, are often deemed expendable by users seeking to cut costs, sources say.

The banking industry’s current emphasis on cost cutting is responsible for many such cancellations, says one economist at the corporate desk of a large regional bank that has already terminated a