Legg Mason Prepares RFP For 1,000-Position ADP Replacement

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Legg Mason Inc., a Baltimore-based securities broker and investment bank, is putting together a request-for-proposal to install a nearly 1,000-position retail branch office quote system. Officials at the firm say they expect to have a draft of the RFP in hand by the turn of the year.

Legg wants to replace the Automatic Data Processing Inc. FS Plus system brokers that its 80 branch offices are currently using. Its five-year contract with ADP expires at mid-year 1992 -- roughly the time by whic