Corporate Management Group Replaces ADP With Quotron's SIS Back-Office Service


Quotron Systems Inc.'s Securities Industry Software Corp. (SIS) subsidiary will replace Automatic Data Processing Inc. (ADP) in the back office at Florida-based Capital Management Group Inc.'s brokerage units. In a multi-year contract signed last month, CMG tapped SIS to provide brokerage processing and order-routing for its regional retail brokerage and correspondent clearing subsidiaries.

CMG owns Boca Raton, Fla.-based regional brokerage J.W. Charles Securities Inc., along with Corporate

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