Chase Manhattan To Install FX Arb System Developed By Its Chase Investors Unit
TECHNOLOGY
Chase Manhattan Bank's global risk management group will install a currency arbitrage system developed by Chase Investors Management Corp., a unit of the bank. Although Chase Investors is in the process of being sold to Union Bank of Switzerland, the currency arbitrage system, which Chase Manhattan plans to install at its Downtown New York offices within the next two months, won't be along for the ride.
The system provides Chase Investors' currency portfolio managers' recommendations to either go
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