Nationsbank To Buy Chicago Research And Trading; Cities Expertise In Derivatives And Technology
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In an effort to take advantage of the burgeoning market for quantitatively-traded derivative securities, NationsBank Corp. has set plans to acquire Chicago Research & Trading Group Inc. (CRT). Once the deal is approved, NationsBank hopes to reap the benefits of CRT's superior trading technology.
NationsBank is most interested in CRT's quantitative methods of trading over-the-counter derivatives, options and commodities -- including energy issues. The bank was also drawn to the deal by the
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