Tech briefs

WestLB extends ADP service

WestLB has gone live with outsourced services from ADP Brokerage Services Group -- a subsidiary of Automatic Data Processing -- in New York and Düsseldorf for FX and money market processing. It already has the service at its London office (FX Week, April 21, 2003).

The TradeThru service covers deal capture and risk management of trades through to confirmation and settlement. Lawrence McLaughlin, back office managing director at WestLB in London, said the bank has ach