Cramer Rosenthal Buys ADP Quote Services To Run On The Firm's First LAN


Cramer Rosenthal McGlynn Inc. has installed an institutional quote-service package from Automatic Data Processing Inc. to provide market data and news to 20 portfolio managers and researchers at its New York City offices. The firm's decision in favor of ADP follows the implementation of its first local area network ever.

At Cramer, ADP beat out two shortlisted vendors: incumbent Quotron Systems Inc. and Thomson Financial Services Inc.'s ILX Systems Inc. According to Kevin Chin, vice president

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