Centralized Approach Appears Likely For Market Data, Trading IT At SG Cowen
IT MANAGEMENT REPORT
NEW YORK--Market data and trading IT management at the US securities arm of French bank Societe Generale, SG Cowen, appear set for substantial change as the firm continues to reel from its merger with Cowen & Co. last year.
Insiders suggest the firm's current decentralized management structure may be abandoned in favour of a centralized approach.
Officials from SG Cowen decline to comment. Calls to those mentioned in the story were not returned by press time.
Since the SocGen Securities and Cowen
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