J.P. Morgan Picks Sun, Apple As Workstations In Standardization Program, Leaves Next Out
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J.P. Morgan & Co.'s budding romance with NeXT Computer Inc. has ended. As part of a program to increase the speed and efficiency of its development staff, Morgan has mandated that trading-room systems firmwide make use of Sun Microsystems Inc. and Apple Computer Inc. processors to run trading applications.
The decision was made over the past one to two months, finally emerging in a July 16 memo from managing director Peter Woicke. The memo said that programming for global markets trading and
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