Even as bankrupt Pont Data Inc.'s fortunes appeared to dim last week, a number of buy-side firms continued to test the company's Advantage product. Industry sources said that up to eight separate buy-side firms were testing the product including Merrill Lynch Asset Management's Asia-Pacific group. Merrill's Princeton-based group had been mulling the system as a replacement for some of its 25-30 Bridge Information Systems Inc. terminals. Besides Merrill, firms who have signed contracts for

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