Six Major Japanese Banks To Install FXNet In Tokyo

Six Japanese banks are planning to install the FXNet bilateral netting system this spring, according to Dennis Oakley, the chairman of the Tokyo FXNet steering committee and a managing director at Chemical Bank in Tokyo. He says that although none of the six have yet made a public announcement, two are currently installing the system and the other four have informed him of their intention to install it. In addition, Citibank Tokyo and Lloyds Tokyo have also announced their intention to use FXNet