Airware Meets Vaporware as Banks Jump on the E-Bandwagon
TRANSACTION SYSTEMS
LONDON--Banks all over the world are jumping on the electronic trading bandwagon, and the public relations machine is working overtime to press release new consortiums. However, critics say many of these alliances are merely airware and that only a few will actually survive.
In the past month alone there have been announcements from Treasury Dealer, launched last week (see related story this issue) in conjunction with Morgan Stanley Dean Witter and BNP Paribas; then there was Bear Stearns
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