Merrill Lynch & Co. Will Not Renew Contract With ADP


In a surprise move that could eventually lead to a changing of the guard in the retail quote marketplace, Merrill Lynch & Co. has decided not to renew its contract with ADP, its long-time incumbent quote vendor that currently supports some 20,000 retail positions. Merrill is evaluating quote systems as part of its so-called Trusted Global Advisor (TGA) retail quote project.

By bidding farewell to ADP -- the vendor that has held the top spot in screen counts for North American quote terminals

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