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TECHNOLOGY NEWS

New client for Derivatech

Bear Stearns has taken Derivatech’s FX risk management platform to support its expanding FX options trading and distribution operations in New York and London.

The FX risk management platform will be used to price, book and manage trades throughout their lifecycle while managing portfolio risk management. It will aid the creation of new hedging structures for clients, said the bank. The system is expected to go live very shortly, said Derivatech.

The bank chose the

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