Tokyo Brokers, Banks And KDD To Develop Rival To Reuters' Dealing 2000-2; Radar Is In Talks
THIS WEEK'S LEAD STORIES
A group of Japanese foreign exchange brokers and banks expects to form a joint venture within the next few weeks to develop a second potential rival to Reuters Holdings PLC's Dealing 2000-2 order-matching system for the interbank foreign exchange market. The planned system -- dubbed Mine -- also has the backing of Japanese telecommunications giant Kokusai Denishin Denwa (KDD).
The system has already attracted the attention of RADAR Financial L.P., a joint venture between MAI PLC and Cable and
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