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Regional banks beef up FX pricing tools

TraderTools, a foreign exchange trading technology provider, is looking to help regional banks fend off larger players by enabling them to automate pricing and increase internalisation rates.

Foreign exchange spot trading volumes have increasingly become concentrated among top-tier banks, largely due to their operational scale and high ratio internalisation engines. But instead of trying to compete with the major dealers and their algorithmic execution desks directly, some regional banks are

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