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.
"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.