CORE DUMP

Greg Kipnis, a principal with Morgan Stanley & Co. responsible for Advanced Transaction Management and a former member of Nunzio Tartaglia's Analytical Proprietary Trading Unit, has resigned his position. Kipnis joins County Natwest Ltd. as executive director with responsibility for proprietary trading and global risk management.

Mario Rosi, formerly product group leader for trading room systems at Reuters Holdings PLC in London, has set up his own consulting firm, Trading Information Solutions. The new firm is currently working for RADAR Financial L.P. on its proposed foreign exchange order-matching system (TST, May 7). Rosi left Reuters in the wake of the failed implementation of TRIARCH 2000 at National Westmister Bank in London. Rosi says he is currently exploring product concepts for his new firm.

John Jessop, senior executive vice president of Telerate Systems Inc., resigned, leaving the door open for Dow Jones & Co. to tighten its grip on the company. Dow Jones named Carl Valenti, head of the company's information services group, to the additional post of president of Telerate.

Concurrent Computer Corp. has announced its AP/Server line of fault-tolerant servers. Designed specifically for real- time and online transaction processing, the machines are curiously pitched as "the first servers to effectively combine real-time capabilities with fault-tolerance in a client/server architecture exclusively for commercial applications." Wonder if Stratus and Tandem would agree.

The Ontario Securities Commission announced on May 1 that Instinet Canada Ltd. could not operate its terminals on the floor of the Toronto Stock Exchange. The decision was issued following OSC hearings in February, sparked by issues raised by Instinet's application for TSE membership last summer (TST, Feb. 12). Instinet was granted TSE membership, with the restriction that it couldn't put its terminals on the exchange floor. That limitation remains in effect with the new decision.

Sybase Inc. has announced a joint venture with HCL America to provide marketing and support of the Sybase relational database management system in Southeast Asia. HCL America is a wholly owned subsidiary of HCL Ltd. of India. HCL-Sybase Products SEA will be headquartered in Singapore. Raj Mahajan will leave Sybase's Australian subsidiary to head up the new venture.

And the winner is...the Vancouver Stock Exchange. The exchange was honored by the Canadian Information Processing Society, an association of computer professionals with over 6,000 members. The group presents an award annually "for a software system, originating in Canada, that has a significant effect as evidenced by new concepts, market acceptance, increased competitiveness in the industry or influence on later software developments." Vancouver was the first exchange in North America to achieve full automation.

CATS Software Inc. has named Jerry Goldman as director of its U.K. subsidiary and European operations. Goldman was previously managing director of Informix Software Inc.'s U.K. division.

MAD Intelligent Systems Inc. has hired Craig Sweat as manager, product marketing, financial applications. Sweat most recently held the position of product manager for Micrognosis Inc.

The National Association of Securities Dealers has reduced the fee charged for users of the Computer Assisted Execution System. CAES automatically executes orders and creates a record for buyer and seller. Fees have been reduced to $0.005 per share from $0.01 per share.

SunGard Financial Systems Inc. has announced an enhanced version of its Wismer Series 2, investment management system. Series 2 Wismer provides securities, accounting, portfolio management, and trading and operations support to institutional investors. The enhanced version includes a variable rate notification report that alerts users to expected rate changes on variable rate securities.

Commodities Communications Corp., a division of Oster Communications Inc. has released a new version of Future Source Technical, a technical analysis software package. Release 3.1, is the first FutureSource package designed to be compatible with Hewlett Packard's UNIX platforms.