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RealTick adds BofA Merrill pairs trading algo

13 September 2010  |  1683 views  |  0 Source: RealTick

RealTick, the leading global, multi-broker, cross-asset electronic trading platform, announced today that it has further expanded its capabilities and now enables clients to execute US equity pairs trades using Bank of America Merrill Lynch's (BofA Merrill) newly-released algorithm.

RealTick users can now access BofA Merrill's newest tool to execute pairs trades, alongside the firm's existing execution and liquidity services for global equities, options and futures. The pairs algorithm includes SPREAD, RATIO, INVSPREAD and INVRATIO strategies with customizable parameters and summary views.

"Clients continue to ask us for high-performance execution strategies deployed quickly and efficiently," said Michael J. Lynch, head of Americas Execution Services at BofA Merrill. "We're pleased to make available our new pairs functionality through RealTick."

"Pairs trading has gained widespread adoption with clients engaged in relative value trading, so we are pleased to add BofA Merrill's latest pairs capabilities. Clients increasingly see the benefits of using an advanced trading platform to effortlessly execute trading strategies across multiple asset classes," said Michel Finzi, Global Head of Business Development at RealTick.

"Today's traders are looking for the latest tools and functionality, combined with the highest level of client service from their brokers and trading platform. Our aim is to provide access to the widest network of brokers and their latest electronic products, within a functionally rich and configurable platform, providing traders with a competitive advantage at their fingertips," adds Finzi.

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