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RAYMOND JAMES UPGRADES TO QUOTRON ADVANTAGE AE AND CONTINUES TO EXPAND ITS CUSTOMIZED SMALL-OFFICE SOLUTION INCLUDING SATELLITE TESTS

 NEW YORK, Jan. 28 /PRNewswire/ -- Quotron Systems, Inc. announced today that the headquarters of Raymond James & Associates, Inc., member New York Stock Exchange, and a subsidiary of Raymond James Financial, will be upgrading from the QUOTRON 1000(R) system to the new Quotron Advantage AE(SM) financial information system running on IBM(R) RISC System/6000(TM) servers and delivered over desktop PCs and serial terminals. In addition, Raymond James affiliates, Robert Thomas Securities and Investment Management & Research, as well as correspondents of the firm will continue to expand their installations of the small-office remote solution known as the "Pulse System."
 Initially, Raymond James & Associates will install RISC System/6000 servers at its headquarters in St. Petersburg, Fla. Account executives and other associates at this office will be able to access the wide range of Quotron Advantage Services(SM) over desktop PCs or over monochrome serial terminals connected to the RS/6000. Those using PCs will be able to take advantage of several unique features that are part of Quotron Advantage AE, Quotron's powerful new financial information system running in the popular Microsoft(R) Windows(TM) operating environment. These include a charting window containing UltraChart(SM), Quotron's sophisticated new charting application for graphing historical and real-time intra-day data, and a Financial Summary window which offers a snapshot of real-time activity in the global equity, bond, commodity and foreign exchange markets. Depending on the results of this installation, Raymond James may install this system in other offices where it is cost-effective.
 At the same time, Raymond James continues to expand the use of Pulse, a proprietary small office solution developed with Quotron in early 1992 for smaller Raymond James offices and offices of Raymond James affiliates. From an initial six Investment Management & Research and Robert Thomas Securities offices, usage has grown to over 200 offices, and another 40 offices are currently awaiting installation. The system has also been installed in seven of the 37 correspondent firms that clear through Raymond James & Associates. Eventually, Raymond James anticipates that the vast majority of its 650 affiliate offices will be installed on Pulse.
 Pulse lets brokers in small offices access real-time market and operational data from an offsite QUOTRON 1000 server. This information is immediately available to the brokers' clients or can be downloaded into a broker's book for real-time valuation of client portfolios. Pulse has real-time links to Brokers Notebook(TM), Quotron's popular DOS-based broker's book, and to the Quotron Brokers Support System(SM). In addition to giving brokers' real-time access to trade and account information, Pulse lets brokers route orders and messages to the home office and access proprietary news stories and other information compiled and distributed by Raymond James and Associates.
 In addition, Raymond James and Quotron announced today that they will be testing a new method of remote small office delivery. This test will entail delivering Quotron Advantage AE from offsite RS/6000 servers via satellite to participating offices. To do this, Quotron will make use of technology it has developed called the RemoteAdvantage(SM), which lets small offices remotely access Quotron Advantage AE. This new technology will allow the small-office user to enjoy the same services as the normal Quotron Advantage AE user, but without the extra cost of an onsite RS/6000 server. The satellite delivery system may be more cost-effective in remote areas of the country than the current dial-up systems. According to R. Max Gould, Quotron's chief operating officer, "Quotron is delighted by this endorsement of its new remote office solution combining the cost savings of remote operation with the power and functionality of the Quotron Advantage AE system."
 Steve Putnam, president of Robert Thomas Securities and executive vice president of Raymond James Financial, commented, "Pulse provides the most cost-effective, comprehensive information and two-way linkage to home office marketing, trading and operations available today for the smaller office. We are looking forward to the Quotron Advantage AE installation at the home office and to the results of the new satellite delivery system, both of which should further enable us to meet the varied needs of our 2,000-plus account executives. With these systems, major firm brokers can make the transition to independence without losing their edge in communication and market information."
 Founded in 1962, Raymond James and Associates is a full-service regional brokerage and asset management firm. Together with its affiliates, Robert Thomas Securities and Investment Management & Research, it has approximately 600 offices nationwide and in Europe. It also clears for 37 domestic correspondent firms.
 Quotron Systems, Inc., a subsidiary of Citicorp (NYSE: CCI), is a leading provider of financial information services and trading systems. The company delivers on-line, real-time equities, options and commodities quotes for more than 120,000 instruments from exchanges worldwide; foreign exchanges and fixed income rate data; news; research; analytics; real-time color charting; networking services and broker production applications.
 NOTE: Quotron, QUOTRON 1000 and Broker's Notebook are registered trademarks, and Quotron Advantage AE, Quotron Advantage Services, UltraChart, Broker Support System and RemoteAdvantage are service marks of Quotron Systems, Inc. IBM is a registered trademark and RS/6000 is a trademark of International Business Machines Corporation. Microsoft is a registered trademark, and Windows is a trademark of Microsoft Corporation.
 -0- 1/28/93
 /CONTACT: Roxanne Taylor of Quotron, 212-898-7212/
 (CCI)


CO: Quotron Systems. Inc.; Raymond James & Associates Inc. ST: New York IN: FIN SU: CON

CK-TS -- NY019 -- 0140 01/28/93 10:15 EST
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