CORE DUMP

A Dow Jones Telerate spokesperson says that the vendor is not going to go ahead with a Minex incentive plan as described in a recent internal memo. The memo, discussed in the last issue of TST, described a scheme under which Telerate would offer free data services and credits on data services to trading firms based on their usage of the Minex FX dealing system. Minex was to reimburse Telerate for all the give-aways. The spokesperson says the vendor is now weighing alternative incentive plans.

Tiger on the Prowl: Former Morgan Stanley managing director and global risk management head Robert Feduniak has taken a consultant position with Tiger Management. Feduniak, who had also previously headed Morgan's worldwide finance, administration and operations division (TST, Nov. 30, 1992), oversees the development of risk management and trading room systems at Tiger. According to sources, Feduniak is also a risk management and back office systems consultant to Smith Barney Shearson. Morgan officials decline to comment. Feduniak did not return calls seeking comment.

Sign on the Dotted Line Dept.: Swiss Bank's capital markets and treasury division has purchased ADS's Global Trader FX and Treasury Dealing workstation modules in an attempt to integrate its foreign exchange and money market trading desks.... The Phibro Energy division of Salomon Inc. is deploying OMR Systems Corp.'s Trading Assistant to support its core precious metals trading group on a service- bureau basis.... Nasdaq has signed a $500,000 deal with Cadre Technologies Inc. to receive a plethora of software development systems, including the so-called Teamwork family of products and Ensemble reverse-engineering tool suite.... J.P. Morgan has gone live with Frustum Group's Opics Windows-based treasury and capital markets system at its Delaware-based Global Markets office.... PNC Bank Corp. and CoreStates Financial Corp. are among Hogan Systems Inc.'s list of clients for a newly released line of software services.

Speaking of deals, Micrognosis earlier this year finally got Infotec to transfer its former relationship with FD Consulting. Under the terms of the so-called "global trading partnership," Micrognosis gets the exclusive right to peddle Infotec's Infotrade display software on its Mips digital data distribution system -- outside of Switzerland. Infotec will continue to market and support its products within Switzerland -- and will also be free to implement Infotrade on platforms other than Mips within its homeland.