In H-P, Telerate Deal, Commonwealth Bank Leases Systems, Outsources Support For 300-Plus Traders
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Commonwealth Bank of Australia (CBA) has, as expected (TST, May 16), finalized plans to build a new worldwide trading room digital data distribution system -- a platform which by early December is slated to support some 320 of the bank's traders in Australia. CBA will deploy the system in an unusual three-way partnership with Hewlett-Packard Co. and Dow Jones Telerate. In the deal, CBA will lease, rather than buy, both the hardware and software systems for its new trading rooms from H-P and
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