Tandem Develops Trading Workstation With Barclays

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Tandem Computer Inc. is taking part in a very quiet joint development with Barclays Bank of London to produce a microcomputer-based trading system. The system -- called the Power Trader Micro System -- initially will be implemented at the bank's Global Treasury Services division, which handles trading in foreign exchange and money market instruments. But it may be shifted to its market-maker subsidiary, Barclays de Zoete Wedd.

Developing a trading workstation marks a departure for Tandem, which

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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