Wilmington Trust And Indata Team Up

NEWS

WILMINGTON, DEL.--Wilmington Trust and Indata have worked together to develop a system for mortgage- and asset-backed bond trading and cash management.

Eric Cheung, vice president of fixed income management at Wilmington Trust, says the cash management and mortgage/asset-backed instrument trade order management system has been running for about eight weeks. Now following the initial period of testing, portfolios are being transferred to the Indata system on a limited basis. Cheung’s group de