Bankers, Chase, Long-Term Credit Bank Join Minex, Impending Battle Heats Up


The battle to face off against Reuters Holdings PLC's Dealing 2000-2 FX broking system heated up last week, as Bankers Trust, Chase Manhattan Bank and Long-Term Credit Bank of Japan (LTCB) each bought shares in Minex Corp., which is developing a rival system, officials involved in the project say.

The addition of the three banks, two of which are among the largest FX players--and perhaps more importantly, U.S.-based--raises the stakes in the battle to capture market share. Both Minex and the

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