Who's Afraid of the Dark?
Traders Magazine, June 2006
Merrill Lynch's announcement last month that it would partner with competitor Investment Technology Group in an electronic crossing venture underscores the frenzy taking place in Wall Street's major equities houses to deliver crossing systems to their institutional customers. The deal, which marries Merrill's voluminous order flow with ITG's trusted crossing technology, puts Merrill on similar footing with Goldman Sachs, Credit Suisse, Morgan Stanley and others.
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