BTMU Revamps OTC Derivatives

FRONT PAGE: DERIVATIVES TRADING

TOKYO—The Bank of Tokyo-Mitsubishi UFJ (BTMU) is extending an OTC derivatives trading platform that is a staple for United Financial Japan (UFJ)—the firm acquired by Bank of Tokyo-Mitsubishi (BTM)—says Harpal S. Sandhu, CEO of Integral Development, maker of the system.

A well-kept secret, the deployment of the Integral Direct Derivatives system at UFJ has been under way for the past three years, Sandhu says. The automated platform, covering a variety of instruments including interest rate

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