Bank of America Merrill Lynch today unveiled BofAML Express, the firm's next generation ultra low-latency market access and risk control platform for U.S. equities.
The platform delivers sub 10-microseconds of wire-to-wire latency and provides an embedded series of risk controls required by recent SEC regulation.
"In this highly competitive environment, having the premiere trading platform is imperative as the market adapts to new regulation," said Michael Lynch, head of Americas execution services. "While we've deployed pre-trade risk checks for some time now, BofAML Express gives our clients an edge by compressing latency to levels unimaginable just a short time ago without compromising any controls. Since its production debut, we've seen rapid client adoption and increasing volumes demonstrating the continued client demand for high performance trading platforms."
The platform, initially developed by Thesys Technologies, currently connects to all major U.S. equity exchanges. Additionally, the parties have entered into a strategic arrangement to leverage the core technology offering for other electronic trading opportunities across asset classes and markets spanning Europe and Asia.