ETX Use In Question, Fuji Stalls Global Deployment Of ETX, Scales Back Its Enterprise-Wide Plans
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Fuji Bank's ambitious plan to build and deploy a global trading, position-keeping and risk management infrastructure to the tune of some $60-$100 million has been contained--initially, at least--to 70 positions in Tokyo, according to several industry sources, including executives within the bank.
The biggest fly in the ointment, these sources say, is ongoing political friction among the five vendors involved in this massive undertaking. The team consists of project leader IBM, Sybase, Infinity
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