Shearson Develops 'Price Box' For Market Data; Applications Too Proprietary For Adp Quote System
THIS MONTH'S LEAD STORIES
Shearson Lehman Brothers, Inc. is developing a "price box" database of quotes to support real-time applications in its capital markets operations worldwide. The price box isn't connected to the recently-announced contract for Automatic Data Processing, Inc. to provide Shearson with a market data system (MTR, August 1987), in part because the applications are seen as too sensitive for outside involvement.
Shearson's strategy underscores a predicament facing many large firms. On the one hand, they
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