Bloomberg Faces Discrimination Suit

FRONT PAGE: ORGANIZATION & STRATEGY

Key Bloomberg executives are expected to give depositions this month in a lawsuit alleging age discrimination by the data vendor.

Allen Parry, 48, who is still employed by the vendor, claims he was demoted after he objected to what he saw as an effort to force older technical employees out of the business. Parry joined Bloomberg in July 2000 and became head of the vendor's Trading Systems Project Management Office in 2004, with responsibility for a team of development staff and representing his

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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