FXNET Alters Price Structure To Focus On Transaction Fee
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FXNET, a London-based limited partnership that offers bilateral netting services for the interbank foreign exchange market, has revised its pricing structure in an effort to attract more banks to the system. The move follows by almost a year FXNET's decision to hire Citicorp's Quotron Systems Inc. subsidiary to provide telecommunications, processing and support services.
The new pricing structure, which features a substantial reduction in the up-front FXNET licensing fee but introduces a per
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