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New risk management system to address &quotRusnak&quot factor

GFT Technologies, a European software company, has developed a new system which it believes will help beat the type of risk exposure which allowed Allfirst trader John Rusnak to lose $750m (€858.5m).

GFT Clarity, a new technical solution designed for use in financial markets, is aimed specifically at the middle office and controlling functions of investment banks.

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