What Price Global Rate Distribution? Inside J.P. Morgan's Teknekron Deal
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J.P. Morgan & Co. apparently drove a pretty hard bargain when it negotiated its contract with Teknekron Software Systems Inc. Sources say the firm has agreed to pay the vendor $6.5 million over three years for use of the vendor's data distribution and workstation software systems.
J.P. Morgan officials -- including global technology head Peter Clark -- decline to comment on the deal negotiated. But other sources say that the price the firm negotiated includes support and service. Based on the 2
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