Spear Leads Dealers' Rush To Mimic First Boston's GovTrade Data, Execution Service


Several primary dealers in U.S. government securities are following the lead of First Boston Corp.'s GovTrade pricing and order-routing system and scrambling to publish their own live offerings over market data vendors' networks. Spear Leeds Government Securities' brand-new aspiring primary dealership is the first to declare its intentions, while plans are being laid at Kidder Peabody & Co., Morgan Stanley & Co. and Fuji Securities Inc., according to sources.

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