Smith Barney Tees Up Vendors For 100-Position Upgrade
MANAGEMENT AND STRATEGY
Smith Barney, Harris Upham & Co.'s 100-plus-position corporate finance group in New York has asked three vendors -- FD Consulting Inc., Teknekron Software Systems Inc. and Automatic Data Processing Inc. -- to build prototypes of PC- based trading-room systems for the group to evaluate. The pilot is the first fruit of Smith Barney's plan to upgrade the data distribution systems it uses firmwide.
Smith Barney employs about 400 traders in the U.S. According to a senior systems official at the firm
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