INSIDER
INSIDER
Electronic marketplace provider Verticalnet may be making a foray into the financial services industry. The recent hire of Venkat Raju, former head of architecture for Merrill Lynch Direct Markets, as senior vice president of product development signals a potential expansion of the company's focus to include the securities marketplace. Raju is something of a FIXML pioneer: while at Merrill Lynch, Raju was responsible for implementing a FIXML-based system for US cash equities. Before that, he
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