CORE DUMP

Hal Rich has left PaineWebber Inc., where he was managing director of the institutional equities division, to join Reuters Holdings PLC. Rich will be senior vice president, transaction products division for Reuters. He will be involved in new product development, reporting to John Hull, executive vice president, transaction products, for Reuters America and transactions product group leader for Reuters worldwide.

Robert McKinney resigned as systems chief at Kidder Peabody & Co. to join PaineWebber as chief information officer, effective July 1. He will report to Robert Benmosche, executive vice president and director of systems. McKinney comes on board following the resignation of Martin Stein, who will be moving to San Francisco to head up the systems department at Bank of America.

Dow Jones & Co. has announced three new alliance partners to supply software products for its DowVision product (TST, April 23): Ensemble Financial Systems Inc., EyeOn Associates and Investment Software Systems Inc. DowVision is composite feed of newswires and the Dow Jones news retrieval service.

Stephen Calder has resigned as senior manager, business development and media relations, for the Sydney Futures Exchange to start his own public relations firm.

Robert Davis resigned from the Commodity Futures Trading Commission to join the New York Mercantile Exchange as vice president, planning and development. Meanwhile, Jan Kay, former senior vice president at the NYMEX, has left to launch her own firm.

In an attempt to polish the tarnished image of its traders following the Federal Bureau of Investigation's uncovering of corruption in its futures pits, the Chicago Mercantile Exchange has made attendance at twice-weekly ethics classes compulsory for all floor traders.

Sources say the Deutsche Terminborse (DTB) is talking to an unidentified U.S. exchange about a linkage. Trading on the DTB began in January. The DTB is also investigating a linkage with the Swiss Options and Financial Futures Exchange, which licensed its trading software to the DTB.

Northern Trust Co. has installed Thomson Financial Networks Inc.'s Portia portfolio management and trading support software. Portia is based on local area network technology and allows different departments to access information from a shared database. A recent enhancement to the Portia software allows for multi-currency portfolio management.

Swiss Bank Corp. in New York is providing a training program for six IBM executives, who will act as traders' assistants for a ten-week period. The IBM staffers hope to gain knowledge of trading in foreign exchange, precious metals, money market instruments and government securities. SBC's New York traders utilize a Micrognosis Inc. data delivery system, running on IBM PS/2 and RS/6000 computers, and on DEC and Sun Microsystems Inc. workstations. SBC's trading division has 250 positions on two floors and a staff of 150 people.

Gerry Mintz has been named vice president, sales and marketing for Telerate Canada Inc. Mintz previously held the post of vice president, Americas marketing group.

Sources say that National Westminster Bank has drawn up a short-list of suppliers to provide a digital distribution system for its new Broadgate offices after the failure of Reuters Holdings PLC's Triarch 2000 (TST, Oct. 9, 1989). The short-list is thought to include Micrognosis Inc., Data Logic Ltd., Logica PLC/Teknekron Software Systems Inc. , FD Consulting Inc., Kapiti PLC and ACT Financial Systems.