CORE DUMP

Correction: Societe Generale is expanding its use of ACT Financial Systems Inc.'s Quotient CMARK hedging software in New York. April 6 TST misidentified the CMARK user as Societe Generale Securities Corp., a subsidiary of SocGen's Paris- based parent.

Clarification: Installation of FD Consulting Inc.'s MIPS to distribute Telekurs' Ticker feed to 50 proprietary traders at First Boston is coming soon, but not here yet, says Matt Lavicka, applications developer for the trading group. April 6 TST jumped the gun.

Flooding of tunnels beneath Chicago threw the city's Loop into chaos and disrupted trading early last week on the Chicago Mercantile Exchange and the Chicago Board of Trade. Too bad Globex wasn't ready to pick up the slack -- after hours, of course.

As expected, the agreement by which Reuters markets a version of ACT's CityDesk local data distribution system under the name Quantum may yet be undermined by the emergence of a networked Reuter Terminal platform that Reuters is developing using DataCode Inc.'s RT/Netfeed (TST, Dec. 2, 1992). Sources say Reuters and ACT will part company at year- end -- just about the same time the networked RT is due on the market.

Did Goldman Sachs & Co.'s systems organization (TST, April 6) leave little room for the firm's information systems chief, James Burns? Goldman has lost the talents of its most senior technology executive to outsourcing firm SHL Systemhouse Inc., where he will take the newly created position of chief executive officer. Burns won't be replaced at Goldman, sources say.

One of Salomon Brothers' information services senior operating officers will follow former CIO Fran Dramis to Network Management Inc. James Knowles will join the systems integrator and data network company as president of its budding applications development division.

IPC Information Systems Inc. has named Jeffrey Gill chief operating officer. Gill comes from BT North America Inc. where he was vice president of marketing and business development.

An after-tax profit of $3.8 billion, the highest on record, has been reported by the New York Stock Exchange for its member firms that do business with the public -- a stark contrast to last year's loss of $106 million.

Robert Davis has left the New York Mercantile Exchange. Davis was senior vice president for policy, a post created for him last November when the planning and development department he headed before that was eliminated.

The top program traders for the week of March 16 through 20 were Morgan Stanley, Nomura Securities, First Boston, Kidder Peabody and Bear Stearns.