The Best-Laid Plans Of Bridge And AZX Fall Behind Schedule

AUTOMATED TRADING

Jefferies & Co's Investment Technology Group (ITG), Bridge Information Systems Inc. and AZX Inc. (the Arizona Stock Exchange) are behind schedule with their plans to more closely link their separate systems--a collaboration which was slated to go live by the end of last year.

While officials from the vendors had said that investment managers would be able to send orders to both the AZX and ITG's Posit trading system via Bridge terminals by the end of 1993 (IMT, Oct. 1, 1993), managers are

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