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Trading, Settlement Application To Be Launched Next Year October 22, 2008

STORM Networks will be launching the STORM Loan Marketplace, a new online application service that uses real-time agent bank data aimed at improving settlement efficacy and times, in the first half of 2009. It is developed for use in the U.S., London and other global markets and was built in association with Bank of America, Credit Suisse and Morgan Stanley, which are partial owners of the platform.

Jay Katz, managing director at STORM Networks, explained that the program has direct messaging capabilities and real time information. When an investor wants to do a ...

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