The Atriax multi-bank foreign exchange portal established by Citibank, Deutsche Bank and Chase Manhattan has announced plans to hook up to the Reuters/Equant Radianz IP network.
Atriax says it will use Radianz's services for secure Internet Protocol (IP) connectivity to corporate, institutional and banking foreign exchange professionals worldwide. Radianz can provide Atriax access to a large group of users through its established connections to financial institutions located in more than 100 countries.
"Atriax will leverage Radianz's secure IP connectivity to rapidly connect the foreign exchange marketplace worldwide," said Dan Morehead, CEO of Atriax. "Almost all financial institutions have a Radianz connection today. As a result, Atriax will be able to immediately deliver browser-based services over secure business-quality connections using existing firewalls and security procedures."
Radianz is an independent company established as a joint venture between Reuters and Equant to provide IP connectivity and services for financial markets participants.