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Technology / AI and automation

APOLLO PLUNGES INTO THE MARKET FOR BROKERS’ TRADING STATIONS

Apollo Computer Inc and Sun Microsystems both see the share- trading and financial services business as a prime prospect for diversification, and Wall Street’s first high-performance trading stations capable of accessing an unlimited number of financial market data feeds are to be based on Apollo Computer Inc’s Domain series workstations, following an OEM agreement between Apollo and financial services consulting firm Programit. The agreement with PI Systems Ltd, Programit’s official name, means traders and other financial services professionals can use Apollo workstations, running Programit’s Trends software, to integrate live market data with off-the-shelf and custom PC-DOS applications which use Apollo’s IBM AT co-processor bus. Up to eight market data feeds can now be accessed simultaneously with one monitor whereas mulitple monitors used to be necessary. Programit reckons Trends is a powerful and compact system that allows traders to quickly and easily retrieve information from market data feeds including Instinet, Knightridder, Nasdaq, Quotron and Reuters. Programit has also made a recent agreement with Quotron under which the market data services set-up will support Programit system sales.

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CBR Staff Writer

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