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Merrill's Jersey Trading Expansion

Traders Magazine, April 2000

Peter Chapman

Merrill Lynch & Co. is planning to relocate its sprawling Nasdaq trading operations from the World Financial Center in New York to a site in New Jersey, where it will substantially increase its market-making business.

"We take pride in the 'Merrill Execution', said Tom Joyce, a managing director of Nasdaq trading at Merrill. "That's why we want to execute more of our orders ourselves."

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