EXCLUSIVE: EBS Agrees Minex Merger With Plans To Build On EBS Technology
DEALING & NETTING
Electronic Broking Service and Minex, the rival foreign exchange matching services, have agreed in principle to a merger, officials have told FX Week. The two groups have signed a memorandum of understanding, which will be finalised after they have received regulatory approval, say officials.
EBS chairman Peter Bartko explains that Minex will acquire a partnership interest of two shares in the EBS Partnership, a consortium of 13 major banks plus technology provider Citicorp Dealing Resources.
Min
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