Tokyo Financial Exchange has received two applications for its remote membership programme scheduled to be launched in the first quarter of 2009.
The applications, the first to be received by TFX, were from G. H. Financials, a private clearing company in London, and Advantage Futures, a derivatives brokerage based in Chicago.
TFX announced in January that it would introduce a remote membership programme. It teamed up with GL Trade and GL Net, which will provide a platform from which traders can connect...