As part of a continuing reorganization of its Brokerage Information Services Group (BISG), ADP has formed a three- person senior management team to supervise its Information and Processing division (IPS).

The team will report to Ralph Koehrer, president of IPS. ADP officials and an ADP spokesperson decline to comment on the reorganization, but sources at the data processing vendor say Koehrer's newly-formed team is comprised of Ted Carl, general manager of ADP's Denver, Colo.-based Security

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Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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