Lacking Master Plan, Dean Witter Inks Interim Quotron, ADP Deals
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Dean Witter Reynolds Inc. has signed contracts with its two incumbent quote vendors, Quotron Systems Inc. and Automatic Data Processing Inc. for a period of one year each. The deals come less than two months after the firm pulled the plug on its ambitious AdvantagE retail brokerage system rollout plans (IMD, Nov. 25, 1991), an effort to which the firm devoted some three years and some $30 million, according to one source familiar with the project.
Fred Frohne, DWR's senior vice president for
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