Reich & Tang Taps Portia For Trading Support At Its Money Markets Desk

TECHNOLOGY STRATEGIES

NEW York City-based Reich & Tang Funds is installing Thomson Investment Software's Portia portfolio management system to provide trading support in its money market fund trading department. Reich & Tang gave Thomson the nod earlier this year to support some $7 billion in assets under management.

Although Reich & Tang has already inked the deal with Thomson, the firm is still testing Portia. "We are definitely going with Portia, but we are not in production," says Andrew Mintz, systems manager

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