Minex Announces Start Of User Testing; Sets 140-Site Target For April Launch

TECHNOLOGY

Minex Corp. plans to begin user testing of its foreign exchange electronic broking system by the end of the month at a few bank sites. In an announcement last week, Minex shareholder Dow Jones/Telerate also said Minex intends to go live with the system at some 140 bank dealing rooms in five centers in April.

For its launch, Minex will offer automated trading in three currency pairs: dollar/yen, dollar/mark and mark/yen. The system ultimately will be able to handle nine currency pairs. Minex