Chappetto Set To Launch Russian News Service Russian Banks Tentatively Agree To Provide Data

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Chappetto Systems Inc. (CSC), a Chicago-based financial information systems vendor, has signed an exclusive seven-year agreement with Ostreupa to launch a real time financial news service that will provide news and market rates contributed by the major Russian banks and trading houses.

The service, which has yet to be named, is expected to be available within 90 days, pending final approval by the Russian banks. "We have a handshake deal with the Russians, but we have not yet signed [the

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