Wachovia Tests Inventory Systems

FRONT PAGE: DATA CONSUMERS

Charlotte, NC-based Wachovia is conducting tests with suppliers of market data management systems to select a replacement for its legacy, in-house developed system, sources tell Inside Market Data.

The bank issued an RFI to vendors earlier this year for a replacement, apparently because its existing system was not flexible enough to support an expanding universe of data.

Sources say that Wachovia engaged a consultancy to develop and roll out its home-grown system some years ago, but this has n