Tokyo Brokers Team Up To Develop 'Mine' Rival System To Reuters Dealing 2000-2
TECHNOLOGY
A group of Japanese foreign exchange brokers and banks are developing a second potential rival to Reuters Holdings PLC's Dealing 2000-2 order-matching system for the interbank foreign exchange market. The planned system--dubbed Mine--also has the backing of Japanese telecommunications giant KDD.
The system has already attracted the attention of RADAR Financial L.P., a joint venture between MAI PLC and Cable and Wireless PLC, which is developing its own foreign exchange matching system. According
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