PaineWebber Picks Teknekron, IBM For Derivatives Trading
THIS WEEK'S LEAD STORIES
PaineWebber Inc. has tapped Teknekron Software Systems Inc. and IBM to provide a local data delivery system to support trading in derivative instruments in New York. The proposed system, sources close to the implementation say, will use IBM RS/6000 workstations running AIX, IBM's version of UNIX.
Sources say Teknekron earlier this month received PaineWebber approval to proceed with the implementation following a feasibility study conducted a year ago by Teknekron. The study, which analyzed
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