Collins 'Rules' Out Prebon's IT
FRONT PAGE: OUTSOURCING AND OFFSHORING
LONDON—Interdealer broker Collins Stewart Tullett (CST) is phasing out several trading technology systems developed by its Prebon Yamane division under a three-year outsourcing deal with Rule Financial, officials at CST and Rule tell DWT.
The deal specifies that Rule will support the Prebon systems until they are replaced by Rule products. The deal will also see the transfer of 20 employees from CST to Rule Financial.
Prior to CST’s acquisition of the firm, Prebon was known for the trading
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