Citi's Traders Install Decalog, Scrap Merrin Trading Platform
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The 50 traders and portfolio managers on the trading floor at Citicorp's New York headquarters have just begun installing Decalog's IDEE order-management system, which will replace Merrin Financial Software's DOS-based platform. The installation is scheduled to be completed by next year's first or second quarter, says a source familiar with Citi's operations.
The senior traders in the private banking and Global Asset Management group of the large New York bank had determined at least three months
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