Bank Group, Reuters Set Details for Currency-Trading Wall Street Journal (10/25/00) Vol. 104, No. 42 p.C20; Sesit, Michael
A consortium of 50 international banks headed by Chase
and Deutsche Bank recently released financial details about
Atriax, an online startup specializing in foreign-exchange
trading, news, and research data for large institutional clients.
Once operational, Atriax is expected to provide corporations,
institutional fund managers, and other major currency traders
with Internet trading in over 100 currencies, automated
confirmation and settlement processing, and economies of
scale--resulting in a less expensive service.