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Garban Intercapital Replaces Four In-House Systems With Rims

TRANSACTION SYSTEMS

LONDON--Garban-Intercapital has selected ACT's Rims settlement solution to consolidate its London-based back-office processing for product lines that operate under its "match principle" anonymous price matching system.

Garban-Intercapital says it will use Rims Capital Markets system for settlement on a broad range of its financial instruments, including bonds, equities, repos and stock loans, replacing four in-house and third-party solutions it has used for its voice and electronic trading

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