Atriax Unveiled: Integral, Tibco, Radianz to Provide Infrastructure

TRANSACTION SYSTEMS

LONDON--The Atriax consortium for online foreign exchange trading has been officially launched, naming Integral Development Corp. along with Reuters, Tibco Software and Radianz as providers of the underlying technology.

Membership of the Atriax consortium numbers over 70 banks and institutions, representing over 50 percent of global FX trading volumes. The project, which the founding members tried to keep under cover (TTW, Oct. 23), will deliver an automated confirmation and settlement process

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