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SOCGEN TAKES JRISK FOR OPTIONS
Societe Generale (SocGen) is using JRisk, a trading and risk management platform from Application Networks, to support its foreign exchange (FX) options business. The French bank began implementing the technology in July 2003 and went live in February 2004. In a prepared statement, Jean Habib, global head of IT FX and Treasury, says the bank chose JRisk because of the quality the technology allowed them to re-use existing components deployed at the bank. Users of
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