T. Rowe Adds Next Piece--Trading System From GTT

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BALTIMORE-based T. Rowe Price Associates has licensed a fixed-income trading system, called Versailles, from Chantilly, Va.-based Global Trade Technologies (GTT) to automate its bond trading operations. The money manager expects the system to reduce manual intervention, as well as facilitate compliance procedures, once it goes into production in early December. Meanwhile, the firm is building interfaces to link Versailles, and various other trading systems, to its soon-to-be-installed

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