J.P. Morgan To Name Teknekron 'Strategic Vendor' In Global Deal Worth 2,000 Positions Over Five Years
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J.P. Morgan & Co. has selected Teknekron Software Systems Inc. as the so-called strategic vendor that will be charged with satisfying the bank's data distribution needs over the next five years. The vendor was selected following a final round of evaluations that pitted it against Micrognosis Inc. and Reuters. For Micrognosis, whose largest customer Morgan almost certainly is, the decision represents a significant loss.
J.P. Morgan officials, including the firm's global trading technology head
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