SPC Securities Withdraws From Electronic Trading
THIS WEEK'S LEAD STORIES
After several unsuccessful forays into the trading room, SPC Securities Services Corp. has decided the back office isn't such a bad place after all -- especially since Black Monday has highlighted the need for real-time risk management systems.
A subsidiary of Los Angeles-based Security Pacific Corp. SPCSS is abandoning efforts to offer electronic trading facilities for government securities and plans to concentrate on transaction processing, clearance and settlement.
Earlier this month, SPCSS
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