Detroit's NBD Bank Buys ADP's Institutional Offering For Its Portfolio Managers


Detroit-based NBD Bank N.A. West Michigan has installed the so-called institutional version of Automatic Data Processing Inc.'s FS Partner for Windows, the vendor's buy-side-targeted quote-service package. The service will provide market data and news to the bank's portfolio managers based at its Grand Rapids, Mich., offices. NBD bank has $15.7 billion under management and trades both fixed-income securities and equities.

Before installing FS Partner, NBD's portfolio managers had relied on

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