State Street Buys Lattice--To Augment Deal With GFI?
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As expected (IMT, April 26), State Street Bank & Trust has agreed to acquire equity order-routing and matching service Lattice Trading from CS First Boston. The transaction was driven by the three parties' mutual recognition that Lattice was a better fit for State Street than for First Boston in light of Lattice's dedication to a multi-broker approach to order routing. However, the deal also helps to bring into relief State Street's position as a player in the very hot game to win
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