Weapons of Mass Confusion
IBS Publishing - April 6, 2006

This story discusses the evolution of services to cope with the growing industry and with operations industry in the industry. It mentions T-Zero®, a spin off of Creditex, as providing a service that provides an efficient way to affirm trade details electronically between counterparties. It ensures that information is shared with the front office, risk management systems, back office and DTCC. The service has the support of major banks. Goldman Sachs was the first dealer on board. T-Zero® President Mark Beeston is quoted in the story saying that the market must facilitate connectivity for efficiency and to get trade data 100% accurate.

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