Minex In Letter To Customers: Makers Pay Same As Price Takers
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More has emerged on Mines Corp.'s efforts to impose a new fee structure: D&IS has obtained a letter sent by Minex (HK) Ltd. To customers detailing the new pricing charges it hoped to impose at the beginning of this year. In that letter, Minex indicated that both sides of each deal matched through Minex's FX transaction system would pay the same brokerage charge, HK$60 ($7.80) per USD million.
Previously, Minex did not charge a fee to the counterparty that first input a rate, known as the market
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