CORE DUMP

CORE DUMP

Sources say Morgan Stanley may have been Sun Microsystems' largest Wall Street customer last year, blessing the vendor with some $13 million of business.

Meanwhile, the other Morgan -- J.P., that is -- is moving full steam ahead with its 80-position equities, commodities and swaps system under vice president Nick Curtis. The group includes a program-trading operation led by ex-Merrill Lynch trader Leslie Durschinger (TST, April 20). The group signed a letter of intent to use Reuters' Triarch

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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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