PIPS

PIPS

Clarification: The proposed index for contacts for difference will be available over Reuters' information services, not its dealing products as mentioned in last week's FX Week article. Reuters is in the process of developing the index with the relevant regulators and contributors; including an undertaking with Tokyo Foreign Exchange Committee to develop a Tokyo fixing rate agreed last week. The index should be released shortly.

Tullett & Tokyo Group last week announced the sale of its shar