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As expected (Trading Systems Technology, July 24), ADP has acquired London-based Wilco International. ADP had previously taken an 18.75 percent stake in the company. Wilco is a software firm specializing in international trade processing systems though the Gloss product line. It will remain an autonomous subsidiary of ADP's financial services division and the day-to-day running of the company will not change.

Markham, Ontario-based Star Data Systems Inc. and Telekurs (North America) have entered

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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