OUTSIDE THE REGION
OUTSIDE THE REGION
Bank of America has inked a global licensing deal with SunGard Capital Markets that sources value at $2 million. Under that deal, BoA plans to make Devon Derivatives System version 2.34 the standard for its foreign exchange options dealers world-wide. In Japan and Europe, the bank's forex options dealers will switch from the Paris-based Murex's Currency+ application they now use. BoA chose SunGard after pitting it against Murex. The global license allows BoA to deploy the Devon system for 50
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