Aggressive EBS Brochure Sparks Sharp Response From Reuters As Minex Plans News This Week

TECHNOLOGY

As two rivals prepare to launch alternative foreign exchange order-matching systems to Reuters' Dealing 2000-2, a war of words has broken out among the three groups. The EBS Partnership has circulated an "internal marketing brochure" to its 11 member banks comparing the virtues of its system to those of D2000-2--provoking a swift response from Reuters executives.

Meanwhile, Dow Jones/Telerate, a shareholder in Minex Corp., will misleadingly announce the launch of the Minex service this week.