Real Time Accounting Means Rough Sledding For Fastrade

THIS WEEK'S LEAD STORIES

Fastrade, a trade reporting, deal capture, and position-keeping system for equities dealing in the U.K., is now being offered to OTC market makers in North America. But reports from Fastrade users in London suggest that Logica is either moving too fast with the new product, or not fast enough.

Logica PLC, a UK-based software and systems consultancy, is making a strategic push into the production and marketing of internally- funded software "kernels", and Fastrade is among its first. At $450

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