Piper Jaffray Rolls Out Stockmate Replacement For ADP FS-One


Piper, Jaffray & Hopwood Inc. is in the midst of rolling out a retail brokerage information system supplied by Stockmate Financial Systems Inc. under a $3.5 million deal signed last spring. But Piper's link with Irvine, Cal.-based Stockmate extends beyond the standard customer-vendor relationship: Piper executives say the firm has taken a stake in Stockmate of "less than 25 percent."

Stockmate is replacing Piper's existing Automatic Data Processing Inc. FS-one quote terminals (IMD, April 30,

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