Marketnet Reorganizes After Departures; Rumours Of Reuters Acquisition Denied

REUTERS TRADING SYSTEMS

NEW YORK--Following the departure of three top managers, the New York-based Marketnet Group, the Wall Street trading technology consultancy, has reorganized itself and plans to hire between 20 and 30 new employees--all the while denying a much-rumoured buyout by Reuters.

As reported last week in TTW, Marketnet employees, Anthony D'Ambrosi, director, integrated solutions, Kevin Bilodeau, the Marketnet Group's vice president of technology and head of former Alt Systems, and Ken Michelini, director

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