ML X-ACT is a benchmark-driven algorithmic trading platform built on years of quantitative research into market microstructure and stock-specific trading patterns. Dedicated research and trading professionals continuously re-calibrate the strategies based on real-time market data, execution costs and benchmark-relative performance.

"We are very pleased to partner with LatentZero to offer an integrated solution to clients," said Mike Stewart, managing director and head of global cash equity trading at Merrill Lynch. "This agreement allows even more of our clients to tap into ML X-ACT's suite of algorithm-based strategies for U.S. and European securities."

"Our order management system, Minerva, makes trading easier for clients. Through our partnership with Merrill Lynch, Minerva users can now gain direct access to comprehensive, reliable algorithms to help them make the right execution decisions," said Dan Watkins, founder and director of North America Operations at LatentZero.

ML X-ACT is part of Merrill Lynch's suite of premier execution services, including capital commitment and block trading, portfolio trading and analytics and direct market access.