Tech briefs

Chicago-based Bank One is hoping to expand its global interest rate derivatives trading business by replacing decade-old customised trading software with new off-the-shelf technology.

Bank One intends to replace its current platform with one built by San Francisco-based software provider Calypso Technology, said Peter Dennis, Bank One’s senior vice-president overseeing capital markets IT.

The project, set for completion in Q3, 2003, will replace software on Bank One’s Chicago, London and T

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