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ADP Brokerage acquires niche back office player PSS

21 August 2002  |  2609 views  |  0 ADP Brokerage acquires niche back office player PSS

US based ADP Brokerage Services has acquired back office brokerage software provider Power Securities Systems (PSS) for an undisclosed sum.

Connecticut based PSS serves several niche market firms, processing a variety of securities instruments such as equities and municipal and corporate bonds.

David Swift, senior vice president of ADP Brokerage says: "PSS will enable us to penetrate niche and emerging market participants that are evaluating entering into a self-clearing arrangement."

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