Wall Street wants IM networks to interoperate


— 11:16 AM on September 13, 2002

IM networks still don't really work well with each other, if at all, but now the likes of J.P. Morgan Chase and Merrill Lynch are telling them to get it together.

Two weeks ago, six top financial institutions met privately with AOL Time Warner, Microsoft, IBM and other leading corporate instant messaging providers and urged them to build communications networks that interoperate. For the Wall Street firms, a lack of IM interoperability has been a source of increasing frustration and a possible pinch on profits.
Can the almighty dollar motivate IM networks to open their doors to each other, or will Wall Street have to settle with Trillian? Only time will tell, but given that we've waited this long already, I'm not holding my breath.
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