Minex Revamps Corporate Structure; Raises ¥5 Billion More from Shareholders
DEALING & NETTING
In an effort to push its results into the black, electronic FX matching company Minex is altering its corporate structure and raising more capital from its shareholders, company officials confirm. The company, whose matching service lags behind rivals Electronic Broking Service (EBS) and Reuters Dealing 2000-2 in daily volume, is running at a loss due to poor volumes in the Tokyo FX market, they admit.
Minex's board voted on November 16 to set up an affiliate which will take over the function of
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