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Bankers Trust announced the creation of IQ Financial Systems (IQFS), a global trading, risk management and commercial lending software provider. The new company, which was created as a spinoff from the company formerly known as Bankers Trust's Financial Software Solutions Inc (FSSI), will be owned and operated by its employees, while Bankers Trust will retain a majority stake in the company and be among its clients.

David Salvin, a former managing director and partner of Bankers, has been

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