CORE DUMP

CORE DUMP

Stratus Computer

announced late last month that it was reducing its worldwide work force by 500 people or 18 percent. The reduction will be completed by January 1996 and will result in a one-time charge against third quarter earnings of approximately $20 million. The charge will include approximately $12 million for severence and $8 million for the consolidation of facilities.

Slightly behind schedule, (TST, Jan. 23), Chubb Contingency Trading Facility opened its Long Island City, Queens

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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