BRIEF TRANSMISSIONS

BRIEF TRANSMISSIONS

Simon Langdon and Angelo Susi left Knight-Ridder Inc. to join Telerate Inc. as international product managers. Langdon was product manager, Knight-Ridder TradeCenter, and Susi group manager, research and development. Both will report to Howard Edelstein, senior vice president, product marketing, who left Knight-Ridder for Telerate in September.

Canada's Star Data Systems Inc. will supply Canadian brokerage Wood Gundy Inc.'s Canadian offices with Starquote terminals, displacing "over 500 Telerate/CMQ quote terminals," according to Star Data president Michael G. Grenier. Implementation will be completed by end of March. Starquote provides real-time quotations from all Canadian and U.S. stock, option and commodity exchanges.

Chicago Board of Trade and Chicago Mercantile Exchange have jointly issued request for qualification proposal for Automated Data Input Terminals (AUDIT). Two exchanges proposed AUDIT system in August, following Federal Bureau of Investigation's allegations of unfair trading practices on floors of both exchanges. AUDIT terminals are to be electronic hand-held units that record trades and send them directly to central computers at exchanges, creating electronic audit trail. Responses to RFQP due Feb. 2.

Jack Davis resigned as international marketing specialist for Quotron Systems Inc. Sources say he has joined Automatic Data Processing Inc. and will report to Timothy Slavin, senior vice president.

Digital Equipment Corp. has purchased PriceWatch product from Security Pacific Bank's Sequor Software Services. Sequor has been trying to sell PriceWatch, market data distribution and display management system, to DEC since mid-1989 (MTR, July 10, 1989). DEC will continue to market PriceWatch and will assume all product and customer obligations. Terms were not disclosed.

First Marathon Inc.'s First Marathon Securities Ltd. and Marathon Brokerage subsidiaries will receive real-time quotation and systems management services from Canadian vendor Dataline Inc. Two-year, $1.8 million Canadian contract covers supply of "more than 200" Autodat terminals, plus network and systems maintenance, according to Dataline.

Quotron Systems Inc. hired Paul Savage as vice president of major accounts in sales department. Savage, who spent two years with Automatic Data Processing Inc., most recently ran his own consulting firm. He reports to Howard Taylor, vice president, sales.

Public Securities Association has recommended that basic terms and provisions of municipal bond issues be standardized to make it easier for market participants to read official statements. Recommendations come as industry prepares to create central repository for official statements.

Peter Kingsley has resigned post of vice president, international operations, at Quotron Systems Inc. to rejoin Reuters Holdings PLC as product quality controller for Europe, Middle East and Asia. He will report to John Stephens, deputy managing director of REMA. Kingsley left Reuters in late 1987 to join Quotron.

Stuart Turner, who headed up Bridge Information Services U.K. information division, has resigned. Sources at St. Louis-based company say Turner's departure resulted in part from conflicts of priority between Bridge's trading and information departments over last two months.

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