Barclays Global, Mercury Team Up To Build Crossing Network For Buyside
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London--Barclays Global Investors and Merrill Lynch Mercury Asset Management have each earmarked £5 million to build a new UK and European equity crossing network, dubbed E-Crossnet. The new service, which will serve buy side firms exclusively, is slated to go live in the first quarter of 2000.
And that means finding a technology vendor. E-Crossnet is "talking to a number of potential providers," says one source familiar with the project, but declined to elaborate. Others suggest the list will
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