DAISSDigital Airborne Intercommunication & Switching System
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DAISS combines all the advantages of iBOSS with a modified Dutch auction pricing engine to provide issuers and investors with an automated, transparent system for pricing and distributing new-issue securities.
Peter Cherasia, director of e-commerce and chief information officer, said, &uot;iBOSS and DAISS are the most recent examples of Bear Stearns' leadership position as an innovator in the development of e-markets.