Bank Of Tokyo Writes In Support Of FXNET In Tokyo

TECHNOLOGY

The Bank of Tokyo, which recently became a member of FXNET in London and New York, is doing its best to convince the Japanese banking community and regulatory authorities to embrace this bilateral foreign exchange netting system.

"We would like to propose that this system be introduced in the Tokyo Market as [soon] as possible," wrote Shin Nakahara, director and general manager of the foreign exchange fund department at the Bank of Tokyo, in a recent edition of the Institute of Financial Affa