Columbia Management Ditches Shark For ILX At 18 Positions In Drive Toward UNIX

TECHNOLOGY STRATEGIES

Columbia Management Co. has installed 18 quote terminals from ILX Systems Inc. The move--an early step toward the UNIX operating environment--eventually will oust incumbent Shark Information Services Corp., which has provided Columbia portfolio managers and traders with real-time quotes for eight years.

The decision to go with ILX--taken a month ago--followed a year-long look at new system possibilities. The ILX terminals went live earlier this week. The ILX system will run parallel with the

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