Reuters To Register As Broker With U.K. FX Market Regulators

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Reuters Holdings PLC has taken the first steps toward officially listing with the Bank of England as a foreign exchange broker. Reuters' proposed Dealing 2000-2 foreign exchange trading system will effectively play the role of a money broker by matching bank customers' buy and sell orders for currency.

"We are discussing the modalities of such a listing" with the Bank of England under Section 43 of the Financial Services Act, says a Reuters spokesman. Sources close to the Bank of England have

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