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.
“Clients are increasingly looking to us for smarter and more effective ways to capture Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term”
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.
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.
“Clients are increasingly looking to us for smarter and more effective ways to capture Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term”
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.