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Two major user firms ponder their trading infrastructure options for 2005.

Waters magazine hosted a panel at the Waters Congress late last year to focus on the next generation of trading technology. Panel members were: Geoff Chapman, CIO of Tullett Liberty; Stuart Wells, senior vice president, financial services of Sun Microsystems; Sanjay Vatsa, first vice president, Merrill Lynch Investment Managers; and Andrew Rowland, managing director, digital markets for Dresdner Kleinwort Wasserstein (DrKW

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