Icap to upgrade EBS block-trading platform

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Continuous Match aims to allow bank-only manual traders to trade large orders of 10 million units or more without affecting the market. Ten banks began the pilot phase of the new product on December 13 last year (FX Week, December 13, 2010).

According to David Rutter, chief executive of Icap electronic broking in New York, the new service has been well received in the market, but upgrades are needed to speed up the time it takes to enter orders.

"It has got off to a good start and we've had some

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