Merrill Lynch Splits Development From Operations; Issues RFP For Equity, Debt; Sorgen Takes TRS Helm
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Last week Merrill Lynch & Co. finally issued its request for proposal for a data distribution platform to support its equity and debt traders. In the same week, Merrill revamped its technology division: The firm shifted all new software development projects -- including trading room systems -- away from their associated business units and consolidated them under senior vice president Howard Sorgen.
According to sources at the firm, some senior Merrill officials were dismayed that the firm had
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