Former Hutton Systems Team Targets New Venture At Smaller Firms; International Thomson Kicks In Start-Up Financing
THIS MONTH'S LEAD STORIES
A group of former E.F. Hutton & Co. executives plans to found a new company to provide market data and branch automation to smaller and regional brokerage firms. International Thomson Organization, Ltd., which was foiled last year in its attempt to purchase quote vendor CMQ Communications, Inc. (MTR, November 1987), will provide the start-up funding, says a source close to the project.
The chairman of the new company -- tentatively called ILX -- is former Hutton technology chief Norman Epstein
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