If Reuters Wins Merrill’s TGA...
THE INSIDE TRACK
Earlier this year, Merrill Lynch sent out a request for proposal to replace its in-house Trusted Global Advisor (TGA) retail workstation, which rolled out in 1997 and is now used by an estimated 27,000 account executives around the world.
From what we can piece together, Merrill spent $1 billion-plus over the life of the TGA from the 1990 planning stages to when it tossed in the towel in a fourth-quarter 2001 write down. Disclosure of the write down was contained in the firm’s 2001 annual report
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