Slash And Burn: Quotron Cuts Rates In Bid For PaineWebber Job

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PaineWebber Inc. has all but confirmed that it will issue a letter of intent to Quotron Systems Inc. to build a retail brokerage information system. But Quotron has had to slash its rates and promise technology that doesn't exist yet to make the deal happen, sources close to the negotiations say.

And before it signs with Quotron, PaineWebber will first negotiate a fail-safe agreement with Quotron's parent, Citicorp, that protects the brokerage house in the event that Citicorp sells the data v

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