Quotron Alleges ADP Stole Trade Secrets In Bid For Smith Barney Account

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Quotron Systems Inc. has filed a suit against Automatic Data Processing Inc., alleging copyright infringement and misappropriation of trade secrets. The charges center around a set of Quotron application programming interfaces (APIs) licensed to Smith Barney, Harris Upham & Co. and allegedly used by ADP in an effort to entice Smith Barney out of its $12 million per year quote-terminal contract with Quotron.

The truth will be difficult to conceal. On Sept. 27, the day the complaint was filed