PPM America Beta-Tests GAT P'folio Pricing System For Derivative Investments


Chicago-based PPM America Inc., a subsidiary of Prudential Insurance in the U.K., is beta-testing new derivative pricing software from New York City-based Global Advanced Technology Corp. (GAT). The Microsoft Corp. Windows-based product, called Firstderivative, is a derivatives-oriented extension of GAT's mainline fixed-income software product line. PPM America, with some $25 billion in assets under management, is also weighing an operating system upgrade from its current Windows 3.1

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