New SectorNet Service Draws Fire From Rival
RECOVERY AND CONTINUITY
NEW YORK--Sector, the managed-services subsidiary of the Securities Industry Automation Corp. (SIAC), is drawing fire from a competitor that sees it as having an inherent conflict of interest with its forthcoming extranet service.
Although a launch date has not been set, business-to-business (b-to-b) capabilities will be offered via SectorNet, the Sector extranet that, like its competitors, will connect to SIAC’s Secure Financial Transaction Infrastructure (SFTI). Sector, using excess SFTI
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