CORE DUMP
CORE DUMP
Who Needs Globex, Anyway? As TST goes to press, non- Globex participant the Chicago Board of Trade announced that it had come to terms with the London International Financial Futures and Options Exchange on a plan to integrate their respective Project A and APT automated trading systems. The deal emerged following close negotiations between the CBOT's Fred Grede and Liffe's Phil Bruce. Meanwhile, sources say the Sydney Futures Exchange may soon join the club, too, linking its system to the CBOT's and Liffe's. Not a bad alternative to Globex's cozy trio of the Chicago Mercantile Exchange, the Marche a Terme International de France and the Singapore Monetary Exchange. Of course, the good thing about the CBOT's team is that it doesn't have to share with Reuters.
Zurich-based Swiss Bank Corp. has purchased 12 Netserver NFS network file servers from Auspex Systems. The servers handle high-volume trading applications in the bank's international finance division. The deal -- which saw Auspex rake in more than $3 million -- represents the largest purchase by a single customer in Auspex's history.
SCO in NYC: Santa Cruz Operation Inc., a software vendor that specializes in providing Unix operating systems for various types of servers, has opened a New York City regional sales office. The vendor is looking to expand its base of New York area customers, as well as strengthen its ties with local SCO resellers. SCO's customers include Nasdaq and ILX Systems Inc.
Royal Bank of Canada
has gone live with The Frustrum Group's Microsoft Corp. Windows-based Opics system to support its precious metals and deposits groups. The Toronto-based bank is using several different modules of Opics, including its precious metals, deposits and loans, and multi-currency general ledger components.Market Vision
has hired David Huston as an account executive in its sales division. Huston, who spent the last four years peddling products for Digital Equipment Corp., will be responsible for account management and responding to RFPs, among other things.Wilco International
, developer of the Gloss bonds and bond options back-office system, has hired Frank Damico as its executive vice president and chief operating officer for American operations -- a newly created post. Damico will work out of Wilco's New York office. His previous job was at Sungard Capital Markets in Philadelphia, where he ran Sungard's active mergers and acquisitions department.Comdisco Fever: The Options Clearing Corp. has selected Comdisco Inc. as its disaster recovery service provider. Comdisco will provide in-depth back-up and network management disaster recovery services for the OCC, a clearing organization for listed financial derivative instruments. The OCC, which has shut down its internal disaster recovery facility, has integrated its existing backup system with Comdisco's so-called continuous availability services.
Sungard Recovery Services
has announced a series of strategic alliances with providers of computer hardware and support services. The list includes: Unisys Corp., Tandem Computers and Sunservice (an equipment manufacturing division of Sun Microsystems); Pioneer, a reseller of Digital Equipment hardware; Dickens Data Systems, an IBM managing industry remarketer of RS/6000 hardware; and XL/Datacomp Inc., a provider of midrange data storage solutions. The program has been designed to allow Sungard's partners to integrate the vendor's recovery services into the sales and support programs they offer to their customers.Data Distribution Intrngue in the U.K.: As British Telecom's Syntegra arm prepares to roll out its OTS data distribution system at Credit Suisse in London, executives at rival Tenekron Software Systems are hoping that its integration efforts in Switzerland will help it win at least some business at the site. Sources say that Teknekron's integration with Rolfe & Nolan's so-called Lighthouse risk- management systems, which is being installed at the bank in Zurich, might bolster the chances of the Teknekron Information Bus being used in London when Lighthouse arrives there.
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