IFG To Install 2,000 ILX Terminals, Dropping ADP'S FS One

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Inter-Regional Financial Group Inc. has decided to drop Automatic Data Processing Ltd. as its branch office brokerage workstation supplier. Instead, the Minneapolis-based company, parent of Dain Bosworth Inc. and Rauscher Pierce Refsnes Inc., will install almost 2,000 terminals provided by ILX Systems Inc. ILX is a unit of International Thomson Organization Ltd.

The decision is a blow for ADP, whose prized installations at Shearson Lehman Hutton Inc. and Merrill Lynch & Co. have been subject to

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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