Wachovia and Key Bank join FXall

Wachovia and Key Bank join FXall

US banks Wachovia and Key Bank have joined online foreign exchange trading portal, FXall.

Wachovia has become a liquidity provider on the portal, while Key Bank
has joined as a Settlement Centre partner.

The Settlement Centre service automates post trade processes between banks and customers, regardless of where the deal is executed. Currently 33% of transactions handled by the service are executed away from the FXall trading portal.

The new additions bring the total number of banks integrated with FXall to 44.

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