Quotron Gets New President As Revenues Decline And Losing Streak Continues

THIS WEEK'S LEAD STORIES

Citicorp chairman John Reed is no doubt hoping that fellow overachiever Thomas Cirillo will reinvigorate Quotron Systems Inc. As of May 1, Cirillo replaces former Citibank technocrat Paul Glaser as Quotron president and chief operating officer. Glaser retires after 18 years with Citibank, including an 11- year stint as chairman of the bank's Transaction Technology Inc. subsidiary.

Meanwhile, Citicorp's declining information business continues to post miserable results. The information business

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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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