Chase To Get New Opus Release; Platform Decision Closes In
MANAGEMENT AND STRATEGY
Chase Manhattan Bank expects this October to receive a new release of Renaissance Software Inc.'s Opus risk management, decision support and trade processing system. The release adds coverage of exchange-traded futures and options contracts to a system that formerly covered over-the-counter derivatives only.
At the same time, the bank has come down to the wire in its 600-position data distribution system request-for-proposal contest. The bank's deepening relationship with Renaissance may have an
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