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Kidder Carries On Regardless Of Vendors' Musical Chairs

MANAGEMENT AND STRATEGY

    • WatersTechnology Staff

Unfazed by Reuters' $125 million purchase of Teknekron Software Systems Inc., Kidder Peabody & Co. has resolved to continue evaluations for a planned 600-position New York trading room in "an open forum." The firm hopes to go live with a new system later this year or early next.

Kidder plans to move its New York trading operations -- which are currently split between two buildings -- to the General Electric Building situated in Rockefeller Center.

The firm's 200-strong equities group, supported by

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