Bank of America Merrill Lynch Launches FXPB Platform - Mercury

Bank of America Merrill Lynch reported that its new foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term prime brokerage (FXPB), Mercury, has gone live. The leading US bank has launched the trading terminal that provides users a range of services.

The Bank of America Merrill Lynch FXPB platform, offers a large selection of client-driven solutions which include, access to position and trade rolling, trade matching, credit monitoring, live trade search and intraday valuation reporting. Coupled with Bank of America Merrill Lynch’s world-class, cross product capabilities and client service, FXPB clients have broad access to market 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 and a fully integrated prime brokerage offering, that delivers strategic solutions required in today’s global markets.

“We have developed a platform that is dynamic and highly customizable to provide clients with the flexibility and control to manage their bespoke FXPB needs. The features available through our platform are a direct result of research and in-depth client feedback, and provide customers with direct access to the wide range of services we offer,” says Peter Klein, Global Head of FX Prime Brokerage and Clearing at Bank of America Merrill Lynch, in a statement.

CFH Clearing, recently announced its relationship with Bank of America Merrill Lynch, the London-based broker replacing its relationship with Morgan Stanley.

Mercury is a trade mark of Bank of America Merrill Lynch.