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BofA Merrill Introduces Broker-Dealer Instinct

By CIOReview | Wednesday, February 5, 2014

Fremont: Bank of America Merrill Lynch’s global equities trading and consulting platform, Trader Instinct, is now available to the sell-side brokers via Broker-Dealer Instinct–a trading, clearing and order flow management platform.

Broker-Dealer Instinct is a multi-asset platform that gives sell-side firms and their clients access to many of the same electronic trading tools that BofA Merrill’s internal trading desks use. In addition, it also provides them with state-of-the-art infrastructure and continues to expand and invest in.

“Broker-Dealer Instinct is an easy and more efficient way to meet the needs of the sell-side,” said Jonathan Werts, head of Broker-Dealer Execution. Brokers can leverage the firm’s vast experience, size, scale, efficiencies and its memberships to exchanges to achieve high-quality execution in a cost-effective manner.

The platform enables the sell-side to deploy cutting-edge, multi-asset trading tools to their trading desks and offer their clients seamless access to liquidity. These powerful order routing management solutions can be easily configured and white labeled.

It also comes with two clearing systems–Merrill Pro and Broadcort–which provide end-to-end clearing, financing and trade processing solutions that free up broker-dealers to focus valuable capital and resources on clients and trading activities.

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