How Merrill Spends Its $52 Million Market Data Budget

BROKER WATCH

Merrill Lynch & Co. expected to spend about $52 million on market data for its capital markets group, according to Merrill documents prepared for an internal presentation last summer. The projected spending in 1993 represents an increase of just over four percent above what the firm spent in 1992.

The budget is for data used by Merrill's approximately 1,200 traders -- mainly debt and equity, but doesn't include the information consumed by the firm's fleet of retail brokers. As a result, vendo

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