With recent data decisions by Kidder Peabody & Co. and Dean Witter Reynolds Inc., the national retail brokerage firms have reconciled themselves to long-term market data strategies. Once scheduled conversions are finished, national firms will have ended the era of dumb terminals that Quotron once dominated, replacing it with an empire of networked PCs, mostly ADP-supplied.
Under the new regime, Quotron and ILX will have a national account list of one apiece -- PaineWebber Inc. and Dean Witte
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