IBM Securities Market Group Backs Off Data Distribution

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After more than a bit of trying, IBM appears quietly to have abandoned its longstanding efforts to provide market data distribution system software to trading room users. According to Wayne Arden, the newly appointed manager of Big Blue's securities vertical market, IBM is attacking the trading room market with a series of new products and services.

Arden says that IBM and its so-called business partner BIS Trading Systems Inc. have altered their agreement, putting BIS on the same footing vis-a

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