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August 11, 1988

IBM AND SUMITOMO BANK TO DEVELOP FRONT-OFFICE SYSTEM

By CBR Staff Writer

IBM has also joined forces with Sumitomo Bank Capital Markets Inc and New York-based Decision Software Inc to develop a front office system to enable securities firms to automate more of their book-keeping, so that share and bond trades are automatically recorded in the database as they are completed, enabling them to make much more up-to-date portfolio revaluations.

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