Head of Event Driven Sector Trading, Bank of America Merrill Lynch
Which electronic algorithms can be used to trade relative valuation opportunities or manage risk in a pending corporate action?
The Bank of America Merrill Lynch Pairs Algorithm Suite supports a variety of complex trading strategies that are based on the share-price relationships of 2 stocks. Paired names involved in a corporate action can be traded as well as names with an established statistical relationship or where a relative price movement is anticipated.
The Pairs Algorithm Suite leverages Bank of America Merrill Lynch's intelligent smart order router and a low latency infrastructure that enables the algorithms to act on eeting trade opportunities when trading the paired stocks simultaneously.