With a remaining 18 months on its quote-terminal contract with Quotron Systems Inc., Kidder Peabody & Co. has installed an FS-Partner system from Automatic Data Processing Inc. for evaluation at its Springfield, Mass., branch. Meanwhile, Quotron is installing its IBM RS/6000-based system at Kidder's Chicago branch.
With some 2,500 Quotron terminals in place, Kidder has been the site of increasingly aggressive bidding by ADP for the firm's quote business, which is currently worth some $5 milli
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