Minex Waives Terminal Fee; Telerate Taps Meshell To Sell It
PROPRIETARY EXECUTION
Minex has postponed indefinitely its plans to bill customers on a per-terminal basis. The electronic foreign exchange order-matching service -- which has been struggling to attract users since it went live in April (TST, May 3) -- will, however, continue to charge per trade. The news is particularly encouraging for Telerate, which markets Minex outside of Japan, and for Gary Meshell who has just been hired to lead those efforts.
Minex's decision to waive the per-terminal fee indefinitely follows
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