Chapdelaine Offers Transactional Service Linking Primary Dealers With Retail Clients

THIS WEEK'S LEAD STORIES

Michael Franzese has only been in the driver's seat at Chapdelaine & Co. for a few months but he's already taking a bold new technology initiative. By offering primary dealers a transactional link to select retail clients, Chapdelaine hopes to ensure its own future -- as -- a service bureau if not as a broker. "I'm trying to position this firm so that when automation does come, we'll be a part of it," says Franzese. "We'll be the survivor."

The Chapdelaine Automated Trading System, or CHATS, is a

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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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