Computershare, Garban Team Up On Swaps Platform
TRANSACTION SYSTEMS
NEW YORK--Garban-Intercapital says it will buy Computershare's Automated Screen Trading System (ASTS) technology for the purpose of building a platform for trading and confirming interest-rate swaps. Stewart Crosby, head of strategic business development in Europe and Asia for Computershare, says Garban will pay £6.6 million ($9.5 million) for the technology. The system is to be up and running by January 2002, and it will integrate into the front end of Garban's existing Electronic Trading
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