Merrill Lynch Upgrades Trading Floor Communications
Officials from Merrill Lynch decline to comment.
Initial discussions between the brokerage and vendor began three years ago and culminated in signing of the contract in late September, says Lance Boxer, CEO of IPC. He values the contract between $75 and $100 million. "The contract includes the desktop, back-office switching infrastructure and a number of specialized software products that we are building specifically for Merrill Lynch," he adds.
The vendor has already deployed its platforms in
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