Bear Stearns' Clearing To Use Harborview System Supplying Tax-Lot Reporting Services


Bear Stearns Securities Corp. clearing operation plans to use Harborview Systems Inc.'s asset management accounting services to generate trade reports for buy-side clients submitting tax statements to the IRS. Bear Stearns hopes that better reports for wealthy individuals and for money managers will enhance the attractiveness of its clearing service during a time when the industry's customer base is shrinking.

Additionally, such a service could emerge as the cornerstone of an order-routing

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