Merrill Lynch takes Tibco BPM and SOA to control back office

Merrill Lynch has selected the Tibco Staffware Process Suite and Tibco BusinessWorks from Palo Alto, California-based Tibco to support operational efficiency in the back office using business process management (BPM) and a new service-oriented architecture (SOA). Merrill Lynch's back office processes includes processing, clearing and settling trades in securities and derivatives, managing funds transfers, providing customer services for proprietary and client assets; and maintain control

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