FIVE YEARS AGO IN FXW
FIVE YEARS AGO IN FXW
Echo Launch Delayed until September While Multinet Files Application to Fed
The European Clearing House Organization (Echo) has had to postpone its launch of multilateral foreign exchange netting - planned for this month - until at least the end of September, say insiders, because of a combination of technical problems and delays in regulatory approvals. However, US-based rival Multinet last week submitted its final application for approval to the Federal Reserve with encouragement from
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