Midterm Grades

IT SQUAWKBOX

As I feel the need to assign grades, I will start by giving an "A" for effort to HSBC for its global, cross-asset trading overhaul, which was covered in Waters' sibling publication Dealing with Technology (DWT) and is this month's cover story. We have all heard of how firms are chomping at the bit to plow through the political and technical barriers to get to true cross-asset trading. Unfortunately, IT executives face the greatest hurdles. They must expend major political capital in order to

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