As Expected, Chase Abandons FDDI, Delaying TRS Project
MANAGEMENT AND STRATEGY
As expected (TST, May 2), Chase Manhattan Bank has opted to abandon the fiber distributed data interface (FDDI)-based network configuration it had planned to adopt for its New York trading room. Chase's change of horses midstream further delays its $85 million trading room project, the centerpiece of which is to be a new Teknekron Software Systems Inc.-provided digital data distribution platform. These sources say that as a result of the decision Chase may now have to wait until early next year
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