FX Week

Telerate Reshuffles FX Management To Prepare For Impending Minex Launch

TECHNOLOGY

Telerate Systems Inc. is reshuffling its staff in preparation for the launch of Minex, the foreign exchange matching service it is developing with a consortium of Japanese banks, brokers and KDD, sources at the company say. Essentially, Telerate has taken the opportunity to shift responsibility for its foreign exchange transactional products out of its Americas group to a global level, these sources say.

Starting January 1, Scott Rumbold, previously senior vice president and head of trading

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