Merrill TakesAlta forConvertibles

TRADING FLOOR TECHNOLOGIES

NEW YORK--Merrill Lynch is halfway through a rollout of Intelligent Markets’ Alta convertible securities trading platform on 50 trader desktops, say officials who confirmed the rollout last week.

Merrill Lynch went live with the over-the-counter (OTC) convertible functions in the New York office May 12, and the exchange-listed functions are to come online over the next few months, says Declan Kearney, director of equity-linked technology at Merrill Lynch. Intelligent markets is in the process of

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