Cowen To Use Arts Quote II As Platform For Proprietary And Market Data

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Cowen & Co. is installing a data distribution platform for its New York-based trading operation that will replace 200 Quotron Systems Inc. Q1000 terminals currently in place at the firm's head office. The new platform, based on American Real-Time Services Inc.'s ARTS Quote II system, will be offered as a possible replacement for quote terminals used by Cowen's 50 or so correspondents. The plan raises the prospect of ARTS Quote II becoming the standard quotation device for Cowen's 16 or so br