JP Morgan Joins FXNet In Singapore And Tokyo


JP Morgan has signed a letter of intent to link its Singapore and Tokyo offices to FXNet, with plans for the service to go live in April 1997, officials say. The FXNet service, which Morgan already has in its London and New York offices, electronically confirms, matches and nets foreign exchange deals for both spot and forward value.

FXNet has been operational since 1986 and has over 80 customers world-wide, including banks and investment companies. Customers achieve a 52 per cent reduction i