DK, RBS, MUSI Tame Spreadsheets

FRONT PAGE: COMPLIANCE TECHNOLOGIES

LONDON—Over the years, the use of the Microsoft Excel spreadsheet program has become an integral part of the trading cycle because spreadsheets hold a great deal of transaction data vital to a securities firm.

However, the risks of such use are coming into focus as regulatory concerns over the reliability and security of spreadsheets are growing.

Officials at Dresdner Kleinwort (DK), the Royal Bank of Scotland (RBS) and Mitsubishi UFJ Securities (MUSI) are among the sell-side firms that confirm

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