Jordan & Jordan Rolls Out Contracts System

ADMINISTRATION AND MANAGEMENT

NEW YORK--Jordan & Jordan, a consulting firm and software provider, has launched Comet, a contracts management product that is the first phase of a broader Web-based market data management system.

Comet, which is live in the New York offices of two investment banks, stores contracts electronically and allows firms to consolidate contracts from different departments and offices globally. The banks are currently considering whether to roll the system out globally, Jordan &Jordan officials say.