FENICS has launched its online service for FX market participants and has entered into strategic alliances with three more banks to provide proprietary market information on the new online service – ABN AMRO, Dresdner Kleinwort Benson and Lehman Brothers. This follows the recent announcement of strategic alliance partners, Bank of America, Credit Suisse First Boston, Société Générale, and UBS Warburg. The web-based service will enable FX market participants – corporates, smaller banks and financial institutions – to price and analyse FX options online. The banks will provide proprietary information online, giving the end user the ability to see where the market is trading, thereby achieving greater price transparency. Ultimately, it is intended that the end-user will be able to execute trades online, with the contributing banks utilising the information provided. In addition, FENICS is further expanding the online service by providing up-to-the second market analysis and data from the global analysis company, 4CAST.
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