SBC In NY Will Be First With Standard, But Bank's US IT Units Have Less Clout
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Swiss Bank Corp.'s trading operations in the US--especially in Chicago--once functioned as the cutting edge of the global bank's financial technology effort. However, while the New York City trading operation is thriving--and is scheduled to be the bank's first large trading facility to adopt a new global platform--the days of USIT leadership at SBC are clearly done.
The decline of New York and Chicago's influence within SBC's global IT operation is the backdrop in the US against which some big
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