Citicorp Said To Seek Quotron FX Sale; £30 Million Offer Made To EBS Group?


Citicorp is apparently looking to unload the foreign exchange trading systems rump of its Quotron subsidiary, according to market sources. The rest of Quotron outside the U.S. was sold to Automatic Data Processing Inc. (ADP) in January, but Citicorp still owns the part of the group, now known as Foreign Exchange Transaction Services Inc. and called FXTS International Ltd in Europe, Hong Kong and Singapore, which sells and runs the F/X Trader conversational dealing service (FX Week, April 26).


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