(November 7 – 12:00 ET) – BMO Nesbitt Burns says it has signed on as a founding member of Atriax, a new portal that establishes an automated, open marketplace for foreign exchange products and related services.

Atriax has 50 founding foreign exchange members, including BMO Nesbitt Burns, and was initiated by Deutsche Bank, Citibank, The Chase Manhattan Bank and Reuters. The web site, located at www.atriax.com/public/register, will become a live FX e-trading site during the summer of 2001.

“Atriax is an important move forward for BMO Nesbitt Burns’ foreign exchange clients,” said Jamie Thorsen, senior vice president, global foreign exchange, BMO Nesbitt Burns. “Atriax will enable us to deliver immediate access to the best pricing and deepest liquidity, as well as market-leading, up-to-the-minute research.”

Founding members of Atriax will be contributing market research and information to the site while it is in the development phase. Interested parties can view this research at no cost until the trading system launches. BMO Nesbitt Burns says it is providing daily commentary, written by members of its foreign exchange team, including market reviews by Wayne Osborne and Andy Busch.
-IE Staff