Market sources say that LavaFX’s interbank platform is now up and running and being pushed by the company. Interestingly, live demos are apparently not available but the company is said to be pleased by both the number of banks signed up and initial volumes.
Meanwhile, Bloomberg is aggressively marketing its Tradebook FX, which was launched earlier this year. Much is apparently being made of the fact that it has AIG as its central counterparty, which I’m not so sure is a strong selling point for most of the interbank players.
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