Travelers Insurance Chooses Three Princeton Systems For $35 Billion Portfolio

PORTFOLIO SYSTEMS

HARTFORD, Conn.-based Travelers Insurance has selected a trio of systems from Princeton Financial Systems Inc. to support its $35 billion portfolio. Travelers--which is scheduled to go live with Princeton's Pam for Securities, Pam for Mutual Funds and Pam for Trading by the end of 1995--plans to install Princeton's systems in place of its mainframe-based incumbent, known as Fundtrac. Travelers is a subsidiary of Travelers Group, a financial services conglomerate that also owns Smith Barney Inc

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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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