CORE DUMP

Correction: Last TST said Montgomery Securities was receiving Reuters data via its new TriStar MarketMax trading room platform. In fact, MarketMax comes bundled with Telekurs 19.2 kilobit/second Ticker feed -- the one users say has been suffering from daily delays at the open for the past several months (Inside Market Data, Jan. 18).

You heard it there last. Bloomberg Business Radio reported last week that Citicorp planned to move traders from its 55 Water facility to a new room at 399 Park in New York (See TST, Oct. 7, 1991 -- that's right, 1991). This was, apparently, a news item for the lately launched WBBR.

Shearson Lehman Brothers has installed Wolfram Research's Mathematica for use at 16 derivatives trading positions in New York, London and Tokyo. Lehman uses the Mathematica software to help it write and run modeling applications for exotic options. Ten of its traders use the software on Sun SPARCstations. Six use it on NeXTs.

Kevin Barry, senior v.p. of Nomura Research Institute America -- Nomura Securities' in-house technology supplier -- said Nomura expects to get another 10 years out of its customized version of Morgan Stanley's TAPS back-office system, known as N-TAPS. "It took a long time to get it in," said Barry, speaking at an Institute for International Research conference in New York, "but it works very well." Barry said Nomura doesn't use TAPS for real- time processing, but for batch-processing only.

Barry also touched on the vagaries of plunging headlong into the brave new world of digital systems. "The video switch is still a major expense," said Barry. Which is to say nothing of the issues Nomura "didn't anticipate" -- such as the difficulty of handling both page- and record-based feeds on an integrated system. "Even in a digital system, for network traffic, that becomes a major problem," Barry said. Nomura lately hit some snags with its new Micrognosis system, meant for the first time to integrate the video-switch with a digital system delivering both page- and record-based data (TST, Nov. 30, 1992). Not only has Nomura had problems getting certified for Telerate's TDPF, it has also suffered video-screen downtime during hours of peak messaging traffic.

Telerate Trading Room Products (TTRP) is moving its 53-person head office from Mountain View, Calif., to Palo Alto. Meanwhile, in addition to Dennis Rohan (TST, Dec. 14, 1992), veteran Lisa Klapp has also left TTRP.

The Chicago Merc sought regulatory approval to augment Globex's existing overnight trading session with an additonal afternoon session, from 3:30 p.m. to 5 p.m. eastern time.

Microsoft has set a May launch for Windows NT even as the vendor continues to push unfinished versions of the software, rounding up thousands of early commitments.

Citibank's capital markets group in London, once-proud users of Citicorp subsidiary Quotron's Trading Support System, is now considering a switch to a Micrognosis/Quay Financial's InVision data distribution platform.

Alameda, Calif.-based AI Corp., an integrator of imaging systems named ex-Merrill Lyncher DuWayne Peterson to its board of directors.

First Boston Corp. ran an ad in the New York Times seeking programmer/analysts and project leaders experienced in Cobol, CICS, UNIX, C and Sybase, among other things. Also looking for help was Bank of New York, which seeks a senior programmer for user support. The BONY candidate should be versed in Cobol, CICS and Intertest. BONY also wants to hire a senior programer analyst who's strong on Windows. Finally (and not surprisingly), Hewlett- Packard has advertised for a national financial services marketing program manager, with banking experience.

Somewhat more surprisingly, Quotron is seeking to hire between five and ten programmers with the ever-desirable UNIX and C programming experience. This from Quotron's own chief operating officer, Max Gould.