NEW YORK - Bankers Trust Co. and Chase Manhattan Bank, which recently became shareholders of Minex Corp., have signed letters of intent to use the Minex foreign exchange matching service in their Tokyo, New York, London, and Singapore trading rooms.
Chase Manhattan will also use the Minex service in Hong Kong.
The signing of the letters of intent was announced by Dow Jones/Telerate, the exclusive distributor of the foreign exchange system outside Japan, where Minex Corp. is based.
April Start-up Expected
The electronic matching service, currently under development, is expected to begin commercial operation in April. Minex's principal shareholders are Tokyo Forex Co. Ltd.; Kokusai Denshin Denwa Co.; and Dow Jones & Co., together with K.K. Kyodo News Service.
Also among Minex's shareholders are 19 major Japanese banks.