Fidelity Management & Research Corp.'s Fidelity Capital Markets Co. (FCMC) broker-dealer subsidiary is pitching its automated routing and execution facility for equity orders (IMT, Feb. 7) to potential buy-side customers. Rumor has it that the service was lately presented to State Street Boston Corp. Meanwhile, FCMC is seeking a partner to help it market the service, observers say.

Merrill Lynch & Co.'s Merrill Lynch Asset Management has decided to build its own multicurrency portfolio management

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