MANAGEMENT BRIEFS

Not another Bloomberg-killer! Capital Management Sciences (CMS) expected to demo a real-time fixed income software analysis service, called Bondvu, at the SIA show. CMS officials says they expect Bondvu to compete with Bloomberg's offerings. The product was developed as a complement to CMS's Bondedge fixed-income portfolio management product and has a database covering over 750,000 US taxable fixed-income securities. Garvin Information Systems will provide real-time pricing for US Treasuries, money markets and major market indicators.... In other CMS news, marketing director Lorraine DiBacco has left the vendor, which continues to search for a replacement. Prospects should have a minimum of three years marketing experience in the securities software industry.... Meanwhile, Jim Kranz, vice president of global sales, has joined CMS to push Bondvu. Kranz came from Knight-Ridder Financial where he was general manager for Hong Kong and Macau.

Your read it here first: Bloomberg has solidified its plan to take on Instinet (IMT, Oct. 13, 1995). To be called B-Trade, the service will be available via the Bloomberg terminal, a source says. ESI Securities will provide execution and clearing services.

Later this year, Thomson Financial Services' First Call Bondcall will unveil what the vendor claims to be the first Web site to provide full-text fixed-income research reports. These reports will be commingled in real-time from various contributors. First Call claims to supply over 200 institutional investment firms with fixed-income reports from bond houses, ratings agencies and other third parties including SEC filings, Thomson Bankwatch, Viewpoint and Ryan Labs. Bondcall will also begin distributing Bondcall Reports over First Call's Research Direct--First Call's previously equities only full-text research report service--in the latter half of 1996.