Bear Stearns Makes e-FX Drive As Bloomberg Expands Service

FRONT PAGE NEWS

NEW YORK--Bear Stearns, the US investment bank, is set to make a twin push into the online foreign exchange business with two initiatives--one with Bloomberg, the other with Cognotec--to be launched in mid-April.

In a first of its kind, Bear Stearns, is linking up with Bloomberg Professional Service, the screen news and trading provider, to become the first bank to offer its foreign exchange services and prices to existing and potential corporate customers through Bloomberg screens.

The link-up

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