Success Of Screen Brokerage In Japan Drives Hatori To Shut Spot Yen Desk
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The continuing rise of electronic broking in Tokyo has driven Hatori-Marshall to close its dollar/yen spot brokerage desk. The broker's withdrawal offers evidence of the momentum gained by screen brokerage in Japan following the merger of the EBS and Minex FX order-matching systems earlier this year (D&IS, 25 March).
"The expansion of electronic broking took away our work as voice brokers," says Shigeru Makishima, managing director of Hatori-Marshall. "We will now focus on other areas, such as
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