Upstart interdealer broker AiX plans steep commission cuts

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Jos Evans, founder, AiX

A new company in London, A.I. Exchange, or AiX, seeks to disrupt the global interdealer-broker oligopoly by using technology to vastly cut costs – and commissions.

The fledgling company plans to raise $200 million via an initial coin offering (ICO) this October. If successful, the money will go to hiring management teams in Singapore and New York, as well as in London, and assure potential clients that it can meet collateral requirements…

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