ILX Systems Beats Competition With Cheaper System


Halfway into its second year of operation, Thomson Corp. subsidiary ILX Systems Inc. is already chomping away at the market for retail brokerage quote systems, sometimes biting off contracts from entrenched competitors Quotron Systems Inc. and Automatic Data Processing Inc. Recent ILX converts include Minneapolis-based Inter-Regional Financial Group Inc., which is dumping ADP (MTR, Oct. 16), as well as First Manhattan Co. and U.S. Trust Co. of New York, both of which have been using Quotron

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