NEW YORK--Prudential Securities is planning to begin rolling out ADP's Power Partner data terminal early next year to its 11,000 brokers in the US. The brokerage firm backed off from going with ADP's K2 because that product currently is more geared toward institutional users.
K2, ADP's new data terminal offering, was originally supposed to supersede Power Partner. In deed, earlier this year (IMD, April 7), ADP said it planned to introduce a retail version of K2 in September.
The vendor upgrade
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails