Market Data Use Erodes Merrill's Bottom Line


Citing an "increased use of market data services," Merrill Lynch & Co.'s second quarter earnings report took note of a hefty 15 percent increase in communications and equipment- rental expenses. The increase in data consumption added an extra $14 million to the line item, compared with the same period last year.

Meanwhile, separately -- but not surprisingly -- Merrill has stepped up its efforts to replace two key market data executives that it lost last month. The move is part of an effort to

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