Correction: Merrin Financial Inc. says that its Merrin Financial Trading System (MFTS) does indeed handle fixed-income instruments, including mortgage- and asset-backed securities. The Aug. 6 issue of IMT misstated the system's capabilities.

United States Fidelity & Guaranty Corp.'s investment management group has purchased Princeton Financial Systems Inc.'s Pam for Mortgages. The decision, made about a month ago, follows the installation at USF&G of the vendor's Pam for Securities portfolio

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