Shearson Integrates OTC Trading Area Using Sun Workstations

THIS WEEK'S LEAD STORIES

Despite numerous layoffs and a renewed sense of cost- consciousness, Shearson Lehman Hutton Inc. is moving ahead with plans to deploy a new and improved workstation for OTC traders. The workstation implementation is designed to make OTC traders more productive.

The latest workstation is the third generation on the OTC desk. It integrates Shearson's proprietary front- and back-office Trading Management System (TMS), International Thomson Inc.'s AuTex block trading system, Reuters Holdings PLC's

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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