MNB to Update Trade Reporting Tech

FRONT PAGE: DELIVERY TECHNOLOGIES

Moscow Narodny Bank in London plans to update its combination of trade capture and reporting software from Gissing Software and Fingertip Developments, respectively, to meet new reporting standards from the International Capital Market Association. The new standards may force banks to update the systems by which they contribute details of trades to ICMA's TRAX trade matching service.

Moscow Narodny has used software from the two vendors since 2002 to collect details of fixed income trades exe

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