Continental Shifts Technology Operations To IBM's ISSC
MANAGEMENT AND STRATEGY
Chicago-based money center bank Continental Bank Corp. plans to outsource most of its information technology operations, including its trading-room systems, to IBM's Integrated Systems Solutions Corp. (ISSC) subsidiary. Under a preliminary agreement signed last week, Continental expects to shave $100 million, or more than 20 percent, from its technology budget over the life of the ten-year contract.
With trading-room systems among the most strategically crucial and closely held of many dealers'
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