Merrill Mulls Move to Reuters/AVT
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NEW YORK--Merrill Lynch is seeking to install new bank-to-customer foreign exchange (FX) trading technology, according to an industry source familiar with the situation.
Although the bank has not yet signed any agreements, the source says Reuters-owned AVT Technologies is likely to be the winning vendor.
Merrill last week declined to comment on the potential deal and on which vendor supplies its existing customer FX trading technology.
Reuters similarly declined to comment last week, saying that
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