MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

More than 20 of the U.K.'s largest fund managers plan to build a an international electronic trade confirmation system aimed at speeding up a process that currently takes three or more days. Fidelity Investments is reportedly heading up the effort, which will allow users to confirm transactions electronically. The institutions were prompted into action by the lack of availability of such systems in Europe, and the Society for Worldwide Interbank Financial Telecommunication's continued refusa

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