January 2010, news round-up

Main story:

Citi sells LavaFX to FXall

 

NEW YORK – 2010 started with a bang as Citi announced it was selling its electronic trading platform, LavaFX, to FXall. FXall company officials said it would integrate both platforms to form FXall Trading, to offer the best of both platforms and a combination of their respective liquidity to users. Phil Weisberg, chief executive at FXall in New York, anticipated a better mix of liquidity, coming from banks, trading firms and clients posting their own

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