Merrill Lynch To Roll 100-Position Muni Bond System Based On H-P And SUN
TRADING ROOM NETWORKS
Merrill Lynch & Co. has set plans to transfer its mainframe- based municipal bond trading system to a distributed UNIX-based client/server architecture. The system will run on a mix of Hewlett-Packard Co. and Sun Microsystems Inc. workstations and servers.
Known at Merrill as the municipal trading system, or MTS, the proprietary system will support about 100 traders at the firm's World Financial Center offices in New York, as well as a smaller number of traders at Merrill branches in Chicago
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