Merrin Builds U.S. Trade Net, Links With Jefferies, Others
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Merrin Financial Inc. will soon offer customers access to execution facilities from Jefferies & Co.'s Investment Technology Group (ITG) and IBJ Schroder Bank & Trust Co.'s Execution Services Inc. (ESI). The move seems similar to other attempts by vendors to link electronic trading and routing systems, and could bring electronic order-routing to Merrin clients managing some $500 billion in assets.
Both Merrin and Jefferies executives confirm the deal. Merrin's vice president of sales and
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