Reuters’ Focus Is on Forex After Atriax
ORGANIZATION AND STRATEGY
Outsourced technology, immense costs and disagreements among Atriax’s four partners were cited by sources close to the portal as reasons for its demise. But while the three banking owners--top players Citigroup, Deutsche Bank and JP Morgan Chase--moved quickly to gain access to the remaining multibank marketplaces, the technology vendor behind the enterprise, Reuters, is happy to shed its direct role in multibank FX.
Speculation remains that the differing needs of Atriax’s shareholders--and not
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