Madoff To Shift Toward OS/2 For OTC, Add Feed Services

TRADING ROOM NETWORKS

Bernard L. Madoff Investment Securities is planning to switch its over-the-counter trading desk to an OS/2 platform from its current network of DOS-based microprocessors. The move is aimed at providing the firm with a path toward addition of digitally delivered market data services.

Peter Madoff, director of trading, points to the success of Dean Witter Reynolds Inc. in implementing an OS/2-based trading room platform provided in part by New York software firm Programit for its OTC desk in New

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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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