NEWS BRIEFS

NEWS BRIEFS

Malvern, Penn.-based GPMC--the former Premier Solutions now a unit of Sungard Data Systems--has finally found a buyer for its Maximis portfolio management and accounting system: computer giant Unisys. GPMC and Unisys closed the deal last week for an undisclosed amount.

Though Premier made some headway with the Maximis product since acquiring it from Dallas-based Texas Instruments in 1994 (IMT, Oct. 14, 1994), the vendor never turned a profit with the system. Then, when Sungard Data Systems

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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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