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A Stock Vendor Moves Upstairs

Traders Magazine, December 2003

Editorial Staff

Faced with slowing growth in its core operations, a vendor to the nation's stock and derivative exchanges is moving into the upstairs market. Micro Design Services has built order management systems for the American Stock Exchange, the Philadelphia Stock Exchange, the Pacific Exchange and the New York Board of Trade. But the Parsippany, N.J.-based shop has few major projects on the horizon while future revenues are dependent on less lucrative maintenance and upgrade jobs.

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