Chase Manhattan Corp., Citigroup Inc., and Deutsche Bank, the three largest banks in foreign exchange trading, announced Tuesday that they have teamed with Reuters Group PLC and put their collective heft behind a new online foreign-exchange trading marketplace.

The three founding member banks, which represent more than half of all foreign exchange trading, and Reuters have contributed equal, undisclosed investments toward the marketplace, called Atriax, and have signed up 47 other banks to participate.

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