Bank of America Merrill Lynch Announces New Equity Options Algorithm

Bank of America Merrill Lynch today announced the addition of its Delta Adjusted algorithm to its equity options algo offerings. Delta Adjusted is an adaptive algo that automates traders’ work flow by automatically adjusting an option order limit price based on the underlying stock price movement and the traders’ defined parameters.

"We are constantly striving to provide our clients the most sophisticated tools to navigate the options marketplace,” said Jonathan Werts, head of Broker Dealer Execution Services. “This comprehensive algo efficiently distributes based on a complex model, giving the trader more time for analysis and strategy."

Using this highly customizable order type, traders can execute on multiple parameters and leverage BofA Merrill’s banner equity algorithms Instinct® and Ambush®, providing a more holistic trading tool that works across asset classes. Clients can access the Delta Adjusted algo via BofA Merrill’s InstaQuote® trading platform or through third-party vendors.

For more information on BofA Merrill’s full options algo suite, please click here.

Bank of America Merrill Lynch is a leading global provider of equity, options and futures trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions. Its award-winning algorithmic trading platform was ranked as one of the top three Pan-European brokerage firms for electronic trading algorithmic quality in the 2011 Thomson Reuters’ Extel Pan-European Survey and one of the top three providers of algorithmic trading in The Trade’s 2010 Algorithmic Trading Awards.

Bank of America

Bank of America is one of the world's largest 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 58 million consumer and small business relationships with approximately 5,800 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 30 million active 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 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and 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, and Merrill Lynch Professional Clearing Corp, which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

Copyright 2011 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Instinct, Ambush, InstaQuote and their logos are trademarks of Bank of America Corporation and/or its affiliates.

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