Atriax CEO talks up the e-forex market

Dan Morehead, CEO of bank-owned FX trading portal Atriax, speaks to FinanceAsia about the upcoming launch of its own, and rival, systems.

Q Youre expecting to go live with your dealing system in June across 50 countries. The other bank-owned FX portal seen as your major competitor FXall -also plans to launch around this time. What projections do you have for uptake of these electronic systems

A Over the next three years weve predicted that over a third of bank clients will be trading through some electronic means, and obviously the biggest portal will have a large share of that. Thats up from about 5% of bank clients at the moment. It could grow a bit quicker than that the response were seeing is making us wonder if last summers guess...

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