Deutsche Seizes Control Of Bankers' Trading Technology
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NEW YORK--With the ink barely dry on a $10 billion acquisition deal, Deutsche Bank lost little time in taking control over the trading technology in use at Bankers Trust.
Deutsche is making it clear to IT officials at Bankers that the internally developed market data distribution platform, most IT projects and many IT personnel might have to go, says a source familiar with the situation.
Bankers' trading IT staff will not have to wait long to find out about the future of their projects, says the
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