One-Deal Wonder CFOWeb's Lucky To Have Atriax
TRANSACTION SYSTEMS
NEW YORK--Only one live back-to-back trade was done on online trading portal CFOWeb.com since its launch in June last year, says a source close to e-commerce firm Integral, which owns the site. Luckily, the foreign exchange auction site has the Atriax bank consortium using its technology.
CFOWeb.com never kicked off because the system was "slow and unreliable," and banks were not interested in quoting prices on the site or encouraging their customers to trade on it. CFOWeb.com focused on signing
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