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

DATA CONSUMERS

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"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here