Wedbush Back-Office Pick Won't Impact Quote Service Plans


Los Angeles-based Wedbush Morgan Securities Inc. has opted to replace its ADP BTSI back-office processing system with an offering from Beta Systems Inc., the Milwaukee-based subsidiary of Kemper Securities Inc. Although the decision marks a break in ADP's incumbency in the back offices of Wedbush Morgan, it will likely not have any effect on ADP's position as the brokerage's quote service vendor. Instead, Wedbush will likely go through with its anticipated selection of ADP's FS Partner quote