Matchbook FX, an internet-based dealing system for the spot foreign exchange markets, expects to be back in action shortly – once it receives the all-clear from the Financial Services Authority (FSA).

The firm is currently seeking UK regulatory clearance to offer real-time trading in the four main dollar crosses sterling, the yen, Swiss franc and the euro. Alan Jacobs, managing director, said he expected FSA approval to be granted in a few weeks.