FXNET Alters Pricing To Lure New Banks Initial Costs Down, Per Trade Costs Up

TECHNOLOGY

FXNET has changed its pricing structure in an effort to seduce new banks. The changes, which amount to a substantial reduction in the up-front licensing fee and sharp increases in the transaction fees, have been in effect for about a month for all new accounts.

However, those banks which have previous service agreements have not been affected yet. But "I would suspect that the new prices would be in effect in September in New York and London," says Dennis Oakley, managing director at Manufact