CORE DUMP

This Just In: Digital Equipment Corp. has replaced longtime Banking/Investments chief Norm Goldberg with Charles Macli, who is now acting v.p. of that business unit. Meanwhile, Desisco's Peter Shelton has been transferred from the U.K. to the U.S. where he takes Steve Davis' old job as Capital Markets manager worldwide. Shelton reports to Macli.

After two months of talks, it seems negotiations between the EJV Partners and Liberty Brokerage have hit an impasse; sources say Liberty wanted too much control of the partnership and was willing to invest too little money. Meanwhile, the partners turned down Reuters' offer to buy the joint venture for $30 million (TST, May 17). Now what?

RDBMS vendor Sybase Inc. announced plans to deliver its SQL Server technology on Microsoft's Windows NT platform. The two vendors have been working together for five years.

Paul Marascia has made another job jump. In March, Marascia left his position as sales head of Market Vision Corp. to become president of Leafstone Information Services. But two weeks ago he left Leafstone to become vice president of national sales and institutional trading at Quotron. Marascia takes the job Ed Berlin abandoned when he returned to Citicorp earlier this year. It includes selling Quotron's Trading Support System.

Tom Murphy two weeks ago left Merrill Lynch, where he had been working on the firm's evaluation of digital data distribution systems for the firm's planned overhaul of its fixed-income trading room (TST, Oct. 5, 1992). Sources say Murphy left as a result of changes made by vice president and group manager of debt markets and technology John Galante, who joined Merrill from Salomon Brothers Inc.

Sungard Financial Systems Inc. named James Steinke president of its Brokerage Systems Division, where he'll lead development, sale and support of products aimed at the sell side--including its Phase3 back-office system. He was previously president and CEO of Securities Industry Software Inc., Quotron's former back-office processing company, later sold to ADP.

Derivatives trading firm Fuji Capital Markets has made room at its New York office for a pair of systems development co-directors--both hired away from BankAmerica in London. Jeremy Warnes was BA's v.p. of interest rate options and Oni Bannrji was BA's v.p. of risk-management systems development. The firm also hired away Lehman Brothers' v.p. of profit-and-loss and risk reporting systems Cynthia Meyn.

On May 18, the Chicago Mercantile Exchange sold a seat for a record-breaking $182,000.

Bank of Montreal signed Infinity International Financial Technology Inc. to develop a back-office derivatives trading system utilizing the vendor's Montage database system. The bank already uses Infinity software to support its derivatives traders in the front office.

Speaking at an Institute for International Research conference in New York, Susquehanna Investment Group's John Ruzicka identified the "new dinosaurs." They are UNIX workstations on trader desktops--because they require a whole department of experts to support them--and vendors with closed systems for market data. He also said that page-shredding should be avoided: Although Susquehanna does do it, it's very costly, Ruzicka says.

The Horror. The Horror: "We at BT have had to devote a horrendous amount of man-hours to managing entitlement controls and putting all of the systems in place to deal with all of the different IPs' and exchanges' ways of counting entitlements." So said Chris Blair, BT North America Inc.'s product development manager for market data systems, at a meeting of the Wall Street Telecommunications Association in New York.