Within the last ten days, Kidder Peabody & Co., Prudential Securities Inc. and Smith Barney, Harris Upham & Co. have each installed a custom version of ADP's FS Partner in one branch. The pilots mark the first step toward firm-wide conversions of their market data platforms.
Each plans to kick off a full-scale rollout of FS Partner in March, according to officials at the three firms, leaving ADP to convert as many as 20 branches every weekend. Once the rollouts are complete -- as soon as May
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