PaineWebber Rethinks Derivatives Desk, Invites Sun, Hewlett-Packard To New Tests
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PaineWebber Inc. has reopened the book on its planned 30- position derivatives trading-room system in New York. Having settled on Teknekron Software Systems Inc. data distribution and workstation software running on IBM RS/6000 workstations following a year-long evaluation, PaineWebber may now begin tests with other hardware and software vendors.
The firm's move continues PaineWebber's vacillation with regard to its trading room technology decisions. The trend began in the mid-1980s when it named
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