Merrill takes Reuters/AVT

Called Reuters Electronic Trading for Automated Dealing, the product is based on AVT’s former EchoFX product, with some Reuters enhancements, said a Reuters spokesperson in London.

Merrill has deployed the platform in global centres including London, New York and Tokyo, replacing technology previously supplied by foreign exchange vendor Cognotec, said one source close to Merrill. However, the Dublin-based firm did not confirm that last week.

Merrill is using the technology via an application

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