Retreating From The U.S., Data Logic Cuts Home Operation

Just days after Data Logic Ltd. pulled out of the North American market, the U.K. trading systems supplier closed its Central London sales office and cut staff across the board. At the same time, Data Logic has appointed John Ockenden as managing director, succeeding Peter McKee, who moved to Data Logic parent Raytheon Co.'s European subsidiary.

News of the retrenchment sparked talk in London of clients left high and dry. But Data Logic has since succeeded in allaying customer fears of lack of