As part of a firmwide reshuffle, PaineWebber Inc. has relieved Bob Benmosche, executive vice president for operations systems and administration, of his technology duties. Benmosche was responsible for selecting Quotron to provide market data for the firm's retail broker quote system. Benmosche has been reassigned to a position on the business side, where he will manage the firm's southern division. He will no longer sit on the brokerage firm's executive committee, which has been reduced to just

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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