Minex To Beat Rival To Market; EBS Launch Now Slated For June


Member banks aren't scheduled to go live on the Electronic Broking Service (EBS) foreign exchange order-matching system until June, project officials confirm, putting an end to talk that EBS would beat rival Minex Corp. to market. In addition, non-member banks may have to wait several more months before they can come aboard, sources involved in the project say.

EBS, a consortium of 11 of the largest banks in the foreign exchange market, and Citibank subsidiary Quotron Systems Inc., is plannin