AIG, Enron take stakes in TreasuryConnect

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New York-based American International Group Inc. and Enron Corp., Houston, have taken undisclosed equity stakes in TreasuryConnect, an Internet platform for the trading of financial products between banks and corporations. AIG and Enron are two of the nation's biggest traders of derivatives, financial products that are an expanding trading offering of TreasuryConnect. Derivatives, a huge market valued at $6 trillion in global transactions annually, have been slow to gain widespread acceptance on the Internet because of their complexity.
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