ADP Bond Service Weds Garban Data To Firm's Inventory

VENDOR STRATEGIES

ADP is set to begin beta testing a new fixed-income service, with an eye toward a second quarter launch. Aimed squarely at the retail brokers that now form ADP's customer base, the service will include delayed Treasury data from interdealer-broker Garban Ltd, links to firm's own inventory and, ultimately, order-routing capabilities.

ADP is not the only equities-oriented quote vendor to carry fixed-income rates -- Quotron's Government Market Service also displays pages of real-time rates from

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