Lemonik has been hired from Citigroup subsidiary CrossMar in New York where he was vice president, product development chief technologist.
FXall is a bank-backed initiative to develop a multi-bank price discovery and trading channel for large corporate currency dealers over the internet. It is competing with rival bank-backed initiative Atriax, to be the first to launch against established third party portals such as Currenex.
Atriax says it is in the middle of a testing process that will see it launch by the end of Q2. FXall had announced it would launch in Q1, but with Lemoniks appointment and the roll-out of Cognotecs FXall Connect the software that will connect banks to...
