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New trading platform to open up market, says fund manager

TRADING PLATFORM | Move means Hedge funds benefit from extra liquidity

A hedge fund manager based in Bermuda is aiming to revolutionise foreign exchange trading by cutting out the middleman, or banks charging trade commission he feels are excessive.

Arman Glodjo, a fund manager with Bermuda-based Valaquenta Capital, said the Java software Forexster system, which will go live in June and July, will allow foreign exchange traders to trade currencies directly with one

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