Brief: Merrill reports record e-commerce volume

Merrill Lynch says that its institutional clients made a record $1.9 trillion in trades in 2000 over the firm's e-commerce platforms. This value represents secondary trading in debt and equity products over platforms that include the Liquidity Management System, MLX and the Client Connectivity Application, says Merrill.

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Brief: Merrill reports record e-commerce volume

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"The value of trades over Merrill Lynch electronic platforms in 2000 is a reflection of the growing importance of e-commerce to our institutional clients," says Michael Packer, head of institutional e-commerce at Merrill Lynch.

He says electronic trading is a single component of the firm's larger e-commerce strategy which also includes custom delivery of research, market commentary and analytics, an automated new issue platform, and post-trade services.

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