Minex, In Struggle To Turn A Profit, Seeks To Impose Market Maker Fee
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Minex Corp. is encountering some resistance as it seeks to impose a new brokerage charge on banks that make prices through its FX order-matching service. Previously, only banks taking others' quotes were charged a transaction fee on Minex. Banks in Tokyo are already paying the new market-maker fee, but Minex last month sent letters informing banks outside Japan of the fee, and a number of banks are balking.
An official at one major U.S. bank says it plans to negotiate a reduction on the market
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