In U.K., Chemical, PaineWebber Take French Derivs Software
MANAGEMENT AND STRATEGY
Chemical Bank and PaineWebber in London have signed site licenses for the Adfin Bonds and Options spreadsheet add-in library developed by Paris-based Marvin Informatique. The deals were closed out of Marvin's new London sales office, opened earlier this month to market Adfin to institutions there.
Adfin is common among financial institutions in continental Europe, since Reuters ships the library free of charge on all Reuter Terminals and Personal Trader Workstations equipped with Microsoft Corp
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