Done Deal: EBS And Minex To Merge; Minex Users To Switch To EBS System
VENDOR STRATEGIES
As expected (D&IS, 4 Dec.) Electronic Broking Service and Minex, the rival foreign exchange matching services, have agreed in principle to a merger. The two are preparing to make the agreement public as D&IS goes to press. EBS and Minex have signed a memorandum of understanding, which will be finalised after they have received regulatory approval, say officials.
EBS chairman Peter Bartko says that Minex will acquire a partnership interest of two shares in the EBS Partnership, a consortium of 13
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