ECHO and ICSI Exchange Vows?: ECHO project manager Graham Duncan says that the consortium of banks developing a multilateral foreign exchange netting system in Europe, have come to an agreement in principle with a system vendor. Although talk had been circulating that the group would pick SWIFT to provide the software, a source at SWIFT says they were not the ones chosen. It now looks like the job will be awarded to Options Clearing Corp. subsidiary International Clearing Systems Inc. Larry

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