Automatic Data Processing Inc.'s recently announced agreement to supply Bear Stearns & Co. with a retail brokerage system resulted from ongoing negotiations that currently include provisions for phasing out the use of ADP's back-office bureau service, sources close to the talks say. As part of the broad negotiating agenda, Bear Stearns has also agreed to contract ADP's growing Proxy Services division for collection and distribution of proxy information.
Negotiations involving systems agreemen
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails