Merrill Lynch Expands Securities Pricing Service, Denies Bloomberg Overlap

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Merrill Lynch & Co. has expanded the scope of its Securities Pricing Service, an end-of-day pricing service for domestic and international securities, and is planning to more actively promote the product. Merrill Lynch executives say the move won't create an overlap with end-of-day pricing provided by Bloomberg L.P., in which the firm holds a 30 percent stake.

Merrill says SPS currently has more than 1,000 clients, including big banks and mutual funds. The service provides end-of-day pricing

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