Six more banks back online FX service

A further six financial institutions are expected to take an equity stake in FXall, the web-based electronic trading platform for the $1.4 trillion a day foreign exchange markets.

The firm, which plans to develop the world's largest online foreign exchange market, said that it expects to sign letters of intent with Bank of Tokyo-Mitsubishi, BNP Paribas, Dresdner Kleinwort Benson, Royal Bank of Canada, Royal Bank of Scotland and Westpac Banking Corporation.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.