Citicorp Said to Seek Quotron FX Sale

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 US was sold to Automatic Data Processing (ADP) in January, but Citicorp still owns the part of the group known as Foreign Exchange Transaction Services.

FXW, July 19, 1993

Editor's note: It took Citi several years before it managed to sell the former Quotron Foreign Exchange subsidiary.


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