BofA Merrill Unveils New Features on Options Trading Platform

Thursday, November 12, 2015 9:00 am EST

Bank of America Merrill Lynch (BofA Merrill) today unveiled new advanced features on its global trading and consulting platform, providing buy and sell-side clients with more efficient order handling and improved fill rates for options trading.

Trader Instinct®, the firm’s multi-asset global trading platform, offers a wide range of customizable trading solutions to meet client objectives. The new enhancements to the Instinct Options component of the platform include an infrastructure upgrade, a range of new algorithms, and direct option market data feeds for more efficient, finely tuned processing.

According to Meaghan Dugan, head of Electronic Options Product, “The investment into Instinct Options demonstrates BofA Merrill’s ongoing commitment to evolve our platform and continually create value for our clients.

“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.”

Enrichments to the Instinct Options platform include:

  • Infrastructure hardware upgrades.
  • Advanced market data processing.
  • TWAP (Time Weighted Average Price) algorithm.
  • Display quantity randomization.
  • Delta-adjusted performance improvements.
  • Exchange crossing order mechanisms: price improvement, facilitation, solicitation, and customer match.

For more information, please visit the Trader Instinct website.

About Instinct Options™
Instinct Options is BofA Merrill’s options trade execution and consulting platform, a component of Trader Instinct™, offering a wide range of customizable trading solutions to meet client objectives. Instinct Options draws on in-depth market insights and actionable ideas, adaptive algorithm strategies, vast liquidity capture and global reach, with flexible delivery through both electronic and consultative channels to help clients efficiently engage in options trading through one intelligent platform.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,700 retail financial centers, approximately 16,100 ATMs, and award-winning online banking with 32 million active users and more than 18 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of SIPC, and, in other jurisdictions, a locally registered entity. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

Visit the Bank of America newsroom for more Bank of America news.


Reporters May Contact:
Kristen Kaus, BofA Merrill, 1.646.556.0999

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