StanChart Plans Intranet-Based System To Address EU's CAD2
BANKS
Standard Chartered Bank is set to build a global intranet-based foreign exchange and money markets trading system, using Tibco's Enterprise Transaction Express (ETX) messaging middleware and database technology from Informix Software, according to a source close to the development.
Further European Union Capital Adequacy Directives (CAD2), which will be introduced in January 1998, will require banks to implement intra-day capital reporting systems and are therefore said to be driving banks to
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