Bridge Chairman Lebens Ousted Following Allegations Of Son's Improper Trading

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In a meeting held last Thursday night, Bridge Information Systems Inc. board members voted 13-7 to install current president and chief operating officer Charles Dill as chief executive, sources say, ousting former chairman and chief executive Charles Lebens from the managing position he has held since 1974, when he founded the company. Lebens came under fire following an investigation into unauthorized trading by his son and three other traders at Bridge, according to sources. Five senior

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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