Bear Stearns Takes On FITS in London

ADMINISTRATION AND MANAGEMENT

NEW YORK--Bear Stearns is expanding its rollout of The Roberts Group's Financial Information Tracking System (FITS) market data management product to London. The firm went live with the system in New York in September.

Bear is using the system for inventory management and bill processing and to increase cost transparency, says Christy Short, managing director and business manager for market data. FITS is used to manage market data expenses from a number of units, including equity, fixed incom

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