Merrill Lynch Enhances Options Trading Platform

Range of improvements include a new algorithm and advanced market processing

Bank of America Merrill Lynch has introduced a number of new features for its Trader Instinct multi-asset platform’s options segment that serves buy- and sell-side users all over the world.

Aiming for Better Efficiency

The new features of Instinct Options include a series of updates to the infrastructure hardware of the platform, advanced market data processing, a Time Weighted Average Price algorithm, display quantity randomization, and improvements to delta-adjusted performance, along with exchange crossing order mechanisms. These include facilitation, solicitation, price improvement and customer match.

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“Clients are increasingly looking to us for smarter and more effective ways to capture liquidity”

Meaghan Dugan, head of BofA Merrill Lynch’s Electronic Options Product commented, “The U.S. options market continues to change in complexity, and our clients are increasingly looking to us for smarter and more effective ways to capture liquidity. We are proud to unveil the new functionality and features that will deliver options trading execution and consulting through one intelligent platform.”

The Trader Instinct platform provides a range of customizable solutions for options traders depending on their priorities. According to BofA, the platform uses adaptive algorithm strategies, boasts a substantial liquidity capture, and provides users with flexible delivery.

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