Consolidation Plows On: ADP Acquires Merrin.... To Gird Itself For Thomson Fight?
AUTOMATED TRADING
Just when many industry observers have begun to believe its business (and businesses like it) to be severely threatened by the emergence of the Internet as a potentially viable trading-communications network, Merrin Financial Inc. has been acquired by Automatic Data Processing Inc. The deal calls for Merrin--a provider of automated securities trade order-management and routing services--to develop products specifically for the brokerage industry, without abandoning its existing buy-side focus
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