Onexchange Shelves Exchange Ambitions
EXCHANGE TECHNOLOGIES
CAMBRIDGE, MA--Electronic marketplace provider Onexchange has indefinitely delayed plans to become a fully-fledged exchange, citing business priorities and current market conditions.
Onexchange develops its trade matching engine and clearing services and sells it on a private-label basis. Earlier in the year, the firm said it was considering becoming an exchange itself, as the advent of electronic derivatives exchanges has boosted volumes over its technology (TTW, July 23).
"Some of our clients
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