News briefs


ADP/SIS announces two new outsourcing clients

ADP Securities Industry Software (ADP/SIS), a division of Automatic Data Processing's (ADP's) Brokerage Services Group, has added two new clients – HC Denison Company and CNBS – to the firm's securities transaction processing operation. Both firms now use the ADP/SIS real-time STP Brokerage Accounting System (BAS). They have also agreed to use Posse, ADP/SIS's order management system (OMS), its browser-based broker desktop application, and Olos, the

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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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