Merrill Lynch Plans to Reduce its Market Data Providers by a Quarter


NEW YORK--Merrill Lynch plans to drop about one quarter of its market data providers, says CTO John McKinley.

The move is an indirect result of the Sept. 11 attacks. McKinley says that as the firm brought market data services back online, it was able to see what was essential and what wasn’t. "We have 200-plus market data providers on a global basis," he says. "We will consolidate the number of providers. What are of the most value to support the business?" He says one quarter is a "reasonable"

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