SCROLLING NEWS
SCROLLING NEWS
Dow Jones/Telerate's sales force will be getting training in networking, digital data distribution systems and the like. To assist in its efforts to sell such Telerate Trading Room Products as it has, Telerate is looking to form a "core of technical experts," says TTRP senior VP Scott Rumbold. The technologically versed "core" group -- expected to comprise from 12 to 15 people -- will be led by Stuart Peretz who was recently hired from Market Vision Corp. Previously, TTRP products were handled by a sales force of two.
Thomson-owned Muller Data Corp. has been abandoned by its senior vice president in charge of sales, Caress Kennedy. Kennedy left to head a temporary personnel agency.
And TriStar Data Inc. is losing its vice president of operations. Sources say Steven Boal is resigning to consider alternate job offers. Uncoincidentally, Tri-Star is running ads seeking a director of operations and administration, based in San Francisco and reporting directly to recently hired president Jordan Graham. The position of New York area sales manager also seeks a match.
More job opportunities: Securities Industry Automation Corp. (SIAC) is scouting around for a computer hardware acquisition and leasing manager to negotiate the purchase of IBM, Tandem, DEC and Stratus equipment. ADP is advertising for a senior VTAM systems programmer in charge of the operations of the VTAM data collection network, and for a director of product marketing.
Emerging from the pall of parent-company bankruptcy last year and publication of an ambitious restructuring plan earlier this year (IMD, March 30), Data Broadcasting Corp., which now includes Shark, has announced that it now meets all the requirements of the Nasdaq Stock Market and is no longer subject to exceptions to Nasdaq standards. The vendor's new stock symbol is DBCC.
What Are We Doing In Data? Dept.: On the average, registered representatives over the past year earned a record annual $98,401, a 24.3 percent rise from last year. Still, the sum trails that raked in by institutional brokers, who lined their pockets with an average $238,829 annually, soaring 43.6 percent over last year.
Meanwhile, spending on technology to grease the wheels of the financial industry is also on the rise. Sales of real-time financial information accounted for nearly half of the $9.6 billion spent nationwide on online information services in 1991, according to a study by publisher Simba Information Inc. The study reports that sales of such services has grown 61.1 percent since 1987 and predicts sales of $14.2 billion in 1996.
Getting unwired: X terminals at McDonald & Co. Securities Inc. in Cincinnati connect to a local area network via wireless technology. Using Motorola Inc.'s Altair LAN units, broadcast radio signals connect X terminal groups to the LAN. With wirelessness so in vogue, wire-makers would be advised to look to new careers. Brokerage is not a bad prospect, by all accounts.
Inside Market Data will turn off the heat in late August, skipping one issue for our summer break. Look for us again on September 14...
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