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His father, Steve, cofounded three Philadelphia-area companies: trust accounting systems maker SEI Corp. (1972); banking and securities systems maker Premier Systems (1980); and electronic-catalog provider Automated Catalogue Services (1991), sold to Sterling Commerce in 1997.
Using a model of the strategic interaction of participants in these systems to capture some stylized facts about the Federal Reserve's Fedwire funds and securities systems, this paper identifies three factors that influence a participant's decision on when to send transactions intraday: cost of intraday liquidity, extent of settlement risk, and system design.
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Hackers crack security systems.
Who installed the security systems?
Our security systems are foolproof".
Banks have beefed up security systems.
Smith & Wesson diversified into security systems.
Home security systems, chauffeur service and parking.
All these security systems are digital nowadays.
But better locks and security systems are urgently needed.
Security systems built this way are brittle and resource-intensive.
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