Wood Gundy Issues RFP For 962 Positions


Wood Gundy Inc., the investment arm of the Canadian Imperial Bank of Commerce (CIBC), has issued a request for proposal for 962 market data positions in more than 45 branches in its private client group. The RFP was sent to incumbent Star Data Systems Inc., Dow Jones Telerate Canada, ILX Systems Inc., ADP and Reuters' Quotron on Aug. 14.

CIBC owned 30 percent of Star Data when the vendor was founded in 1985. Over the past decade, CIBC has been a significant lender to the vendor as well (IMD,

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