Chemical Merger May Leave Vendors With Less Revenue

In addition to creating the largest U.S. commercial bank, last week's merger of Chemical Bank and Chase Manhattan Bank also created the No. 1 bank in terms of total trading revenues. For trading room technology vendors, this development renders the new Chase a much glitzier prize than either of its component parts ever was. However, despite such prestige, the merger will likely mean less income to many vendors -- because the consolidated operation will have fewer trader desktops than its