Prudential-Bache And ADP Lock Horns On Satellite Distribution Of Market Data


The plan by Prudential-Bache Securities, Inc. to operate its own satellite network for branch communications has strained the relationship between the firm and its chief quote vendor, ADP Financial Information Services. Their difference of opinion over who should distribute market data may be a sign of things to come as large wire houses look to move branch communications in-house.

At the heart of the disagreement is Pru-Bache's desire to move ADP's market data off ADP's network and onto its

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