Within the last ten days, Kidder Peabody & Co., Prudential Securities Inc. and Smith Barney, Harris Upham & Co. have each installed a custom version of ADP's FS Partner in one branch. The pilots mark the first step toward firm-wide conversions of their market data platforms.
Each plans to kick off a full-scale rollout of FS Partner in March, according to officials at the three firms, leaving ADP to convert as many as 20 branches every weekend. Once the rollouts are complete -- as soon as May
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails