In what seems more and more like swings and roundabouts, Chemical Bank selected Reuters over Teknekron Software Systems Inc. to provide its new, 450-position New York trading room with a local data distribution system. The room will house the bank's foreign currency, treasury funding and fixed-income and derivatives trading desks that emerged since Chemical acquired Manufacturers Hanover. Chemical's choice of Reuters in New York strays from its decision to outfit its 220-position London room

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