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Merrill takes Braid: Merrill Lynch's London office is installing messaging middleware developed by Braid, a London-based financial systems integration house.

A spokesperson for Braid says the installation is designed to cope with an expected 500 per cent rise in messaging volumes when London switches to an order-driven equities market this October.

Summit moves to NT: Summit Systems has released a Microsoft Windows NT-compliant version of its Summit derivatives trading and risk management system

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