Citicorp Picks Micrognosis Over Own Subsidiary For 425 Positions In N.Y. As Heads Roll At Quotron
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Rejecting a bid from its Quotron subsidiary, Citicorp has selected incumbent Micrognosis Inc. to provide data distribution systems in support of its banking subsidiary's 425 traders in New York. The decision could have serious ramifications for Quotron's Trading Support System (TSS), which has been struggling for some time to gain credibility as a trading room platform.
Meanwhile, though a Quotron spokeswoman denies any causal relationship, on the same day Citi rejected Quotron, the vendor
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