TECHNOLOGY

TECHNOLOGY

National Australia Bank's newly formed Global Wholesale Bank has launched the Merlin foreign exchange system, which provides a synchronized link between Australia's trading capitals--Sydney and Melbourne--with all trades being settled by a centralized operation in Melbourne.

The system is based on the Infinity Financial Technology data model and provides "spot effect" and cash flow figures. Merlin also has the ability to evaluate positions against current market information and provide "what-if"

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