Cost Of Smith Barney's Trading Floor Divulged: Budget For New Facility Totalled $88.9 Million
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While Smith Barney Inc. has been busy reorganizing its communications services group and revising its billing strategy, news has surfaced about how much the firm budgeted for technology at its new 390 Greenwich St. trading headquarters. Smith Barney's total technology budget for its recently completed five-floor, 1,900-desktop trading facility was roughly $88.9 million, according to a source close to the firm.
The source says that Smith Barney broke down expenses for its trading floor project
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