PaineWebber Redux: Some have said that PaineWebber's wrap fee program may end up on Integrated Decisions Systems Investment Manager II. But now a new view has emerged from the bushes surrounding the hush-hush implementation. PaineWebber may be trying to build its own system in-house. Stay tuned.

Thomson Financial Services Inc. has begun upgrading its Alert network to include custody banks in a complete trade delivery system with institutions and brokers. Thomson, of course, is also developing

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