Chase Manhattan Launches Internet FX Service For Investment Managers

TRANSACTION SYSTEMS

NEW YORK--Chase Manhattan Bank has launched Chase FX, its Internet-based FX service designed for institutional clients.Drew Gross, head of e-commerce at Chase in New York, says the bank has spent ample time tweaking its security aspects. "It is very secure," says Gross. "We even hired a group of hackers to attempt to break the security of the system, and I’m happy to say they couldn’t get in."According to Gross, creating a true Internet dealing environment requires a considerable amount of c