Smith Barney Uses Bloomberg To Send Bond Prices To ADP

DATA CONSUMERS

Smith Barney Shearson Inc. last month began using Bloomberg to generate prices for its government, agency, mortgage-backed and zero-coupon bond inventory. With input from Smith Barney traders, Bloomberg prices the firm's holdings in real time and returns the data to Smith Barney's mainframe for display on the firm's retail brokers' ADP terminals.

The deal marks one of the very few instances in which Bloomberg permits real-time data generated on its own processors to be displayed anywhere but