Dillon Read May Upgrade TRS As Firm Weighs Relocating
MANAGEMENT AND STRATEGY
Three years before its current lease at 535 Madison Ave. in New York expires, Dillon Read & Co. has begun weighing alternate sites for its 180-position trading and sales group. While the firm may choose to keep its traders where they are today, Dillon Read will not keep all its existing data distribution systems, which consist primarily of a ten- year-old video switch from Reuters/Rich Inc.
If the firm opts to relocate, it will likely go live with a digital data distribution system at that time
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