Deutsche Bank N.A., Bankers Pony Up For New C.ats App
WORKSTATIONS AND ANALYTICS
Bankers Trust Co. and Deutsche Bank North America have purchased licenses to C.ats Software Inc.'s new so-called Ficad object-oriented derivatives trading system. The two New York City-based banks are among a handful of institutions that intend to use the new system -- which is meant to apply the principles of computer-aided design (CAD) to derivative trading and risk management.
In addition to Bankers and DBNA, C.ats has also sold Ficad licenses to Tokyo-based Daiwa Securities, London-based
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