Minex Starts On Time But Initial Users Claim Liquidity Fails To Materialize
TECHNOLOGY
Minex Corporation, the consortium of international firms headquartered in Tokyo, went live with its electronic foreign exchange brokerage system in all three major trading centers last Monday. But the launch was more of a fizzle than a firecracker, particularly in the U.S. and London, according to an FX Week survey of traders at Minex shareholder banks, which say low liquidity and line problems have plagued the system in its infancy.
Minex was originally pegged to go live at about 30 banks in
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