Bear Stearns To Install X Trader Platform For Single Point Of Access To Markets
TRANSACTION SYSTEMS
NEW YORK--Bear Stearns is installing the X Trader electronic derivatives trading platform from Chicago-based Trading Technologies (TT).
Ronald Hersch, senior managing director at Bear Stearns, said in a statement: "X Trader will play an important role in streamlining the trading process for our brokers now and our clients in the near future." The system will eventually be rolled out to Bear Stearns customers, enabling them to trade directly on the exchange.
The system looks like another nail in
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