ADP Buys TriStar MarketMax, Will Aim Mac-Based System At Institutional Traders

PRODUCTS & VENDORS

ADP has signed a letter of intent to purchase the assets of Montgomery Securities Inc.'s TriStar Market Data Inc., which markets an Apple Computer Inc. Macintosh-based quote system. ADP will operate TriStar as a separate unit, reporting to James Lascelles, ADP's vice president for institutional sales.

Lascelles says that the vendor acquired TriStar to try to strengthen its presence in the trading room market. He says that ADP--with most of its customers to date in the retail brokerage busines

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