Scudder Stevens & Clark began trading electronically on Merrin Financial Inc.'s long-delayed Intermarket Trading Network (ITN) May 17. ITN provides buy-side traders with order-routing and execution links to multiple brokers; Salomon Brothers Inc. and ESI Securities Co. are the first brokers to use the network to attract order flow.
Scudder is a New York-based institutional fund manager with more than $76 billion under management. Scudder will use ITN as a real-time automated order-entry and e
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails