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TGB Corporation, the new interdealer government securities broker founded by Henry Wattson, is reportedly close to getting the commitments it needs to begin operations. Sources say Wattson has attracted three or four of the top primary Treasury security dealers to participate in TGB. Wattson plans to slash commission rates for government securities brokerage.

Ascom Banking Systems Ltd. of Solothurn, Switzerland has won a $12 million contract to supply a foreign exchange information and trading

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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