Asian consortium to build FX platform

NEWS

SINGAPORE -- Competition for the online FX trading market is set to intensify with the planned launch of an Asian trading platform to rival global multi-bank initiatives, such as Atriax and FXall.

An Asian consortium, led by a Singapore-based corporate, is building a trading platform to link regional banks with buy-side clients.

Though the project is still in its infancy, Pennsylvania-based technology firm FNX has been selected to provide the platform’s trading engine, according to a source at

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