Sumitomo Bank Unit To Trade Fixed Income Using DEC, FD
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Sumitomo Bank is planning to install 20 DEC Ultrix workstations to support traders at its new Sumitomo Securities Inc. fixed-income trading subsidiary, according to sources at the bank. The deal would be a coup for DEC on the hardware front, but sources say DEC lost out in its bid to supply its DECtrade digital feed and workstation platform to Sumitomo, which instead opted for FD Consulting Inc.'s MIPS system.
Tokyo-based Sumitomo's New York branch office and its Sumitomo Bank Capital Markets
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