At DLJ Taxable Fixed-Income Group In New York, Repo Desk Will Use ATM-Based Trading Network
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Donaldson Lufkin & Jenrette Inc. plans to deploy by September an asynchronous transfer mode (ATM) network backbone to support data communications among the 30 traders and salespeople at its repo trading desk. The firm intends to use the ATM network to support high data volume communications among 486- and Pentium-based PCs running proprietary repo trading applications.
Technology officials at DLJ -- including senior vice president Marc Buonomo and vice president Ed McElroy -- decline to comment
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