Equities

NEWS RETRIEVAL

- WatersTechnology Staff
- 01 Nov 1999

E-CROSSNET isn't live yet, but this pending European equity crossing network boasts an impressive pedigree. Barclays Global Investors and Merrill Lynch Mercury Asset Management have each earmarked £5 million to build it. The service, which is slated to go live early next year, will allow institutions (and only institutions) to match trades anonymously without moving the market. But first they have to build it. E-Crossnet is currently "talking to a number of potential providers" about building

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