S. African bank buys ADS tool.

The $20 billion-asset Standard Bank of South Africa has purchased a global trading system from ADS Systems, Calabasas, Calif. The system supports risk management and exposure monitoring for the bank' s fixed income, money market and foreign exchange departments. The system, called Global Trader, is being installed at 65 workstations at the bank's headquarters in Johannesburg.

ADS Systems is a division of ADS Associates Inc.

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