Quality Control At Mother Merrill: Spending Big Bucks to Obtain Best Execution
Traders Magazine, February 2000
Merrill Lynch & Co., facing tougher industry best execution standards, now more closely monitors its Nasdaq traders.
Mother Merrill has built BEAMS, or the Best Execution Analysis and Monitoring System, in collaboration with Fairfax, Va.-based SRA International, which developed the software. Merrill says the system takes data mining technology from SRA, and combines it with trading rules formulated by Merrill.
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