FXall starts trading

Fourteen stakeholder banks begin executing live trades with customers over the internet.

Internet foreign exchange portal FXall has begun trading with price quotes provided by its 14 stakeholder banks, which include global names such as Goldman Sachs, Bank of America and HSBC.

The launch comes after FXall received the authorization it had been waiting for from the Securities and Futures Authority in London, which under European Union EU regulations allows it to operate throughout the EU.

FXall had originally planned to launch in the first quarter of this year, and although delayed slightly it has still managed to launch before rival service Atriax, which also counts major global forex banks among its stakeholders and members.

The portal is first bank-owned e-forex platform to take...

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