About Us

Broadcort® provides institutional broker dealers with leading edge financial solutions, enabling them to better serve their clients, enhance efficiencies and focus on their core business. As a business unit within Bank of America Merrill Lynch Global Markets, Broadcort seeks to provide clients the highest level of service, combined with customized access to the global resources of our parent firm.

Broadcort is a leading provider of clearing and execution services to institutional broker dealers. Our top priority is to deliver your firm customized solutions by providing the technological advances, coupled with a commitment to exceptional client service.


  • Broadcort, a division of Merrill Lynch, Pierce, Fenner & Smith, has a 35 year history as a leading provider of clearing and execution services to institutional broker dealers. 

  • We provide a breadth of products, services and solutions to meet the needs of today's institutional client;  our top priority is to deliver customized solutions coupled with a exceptional client services.  

  • Broadcort is focused on the institutional broker dealer space;  our clients include Agency / Riskless Principal Brokers, Market Makers, Dealers, Directed and Soft Dollar firms, ECNs/ATS platforms and firms specializes in Introduced Prime Brokerage and Custody Services

  • Our commitment to a "High Touch" service model provides you with direct access to the senior management team, relationship manager and your dedicated service representative.

  • The Broadcort portal is designed for the institutional middle office, including real-time access to street side comparisons and client settlement data.

Core Capabilities and Services

By engaging Broadcort to provide and manage critical components of your clearing and trade processing, you can meet these challenges while staying sharply focused on your customers and your trading activity. Our services and solutions are designed to help reduce your fixed costs by allowing you to select from our unbundled services as your needs evolve. As a business unit within Bank of America Merrill Lynch Global Markets, we offer a highly robust and secure transactional environment.

  • Powerful U.S. and International Processing Toolset

  • Proprietary Cash and Position Management

  • Operation Control

  • Financing

  • Dynamic Reporting Capabilities

  • Flexible Trade Capture

  • Global Stock Loan

  • Introduced Prime Brokerage

  • Custody Services

  • Syndicate Processing

Our Technology

Broadcort Online (BCOL)

  • Broadcort Online (BCOL) is your portal to our dynamic online processing, reporting tools and clearing applications. These comprehensive applications are designed for the institutional middle office.  View your comparison and settlement information in a real-time environment.  Accounts are open quickly using a seamless process .

  • Broadcort Online is a web-based, entitlement driven and secured via digital certificate

Report iQSM

Broadcort's industry-leading reporting solution provides you with pre-built report templates that can be customized, run ad hoc or scheduled on a recurring basis in a variety of formats and colors.


Client Service

At Broadcort, exceptional, dedicated client service and support are the cornerstone of our business model. Our professional staff is assigned to client relationships based upon client enterprise needs and business types.

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Your firm will be assigned an On-Boarding Project Manager who will be responsible for guiding you through the first months of your relationship with Broadcort.

Your project manager is responsible for:

  • Technical Infrastructure

  • Relationship Documentation

  • Weekly open item meetings

  • Workflow Discussions

  • Trading Setup

  • Data Delivery

Before your first trade date, Broadcort's Training Team will provide a customized training plan, conduct classroom and individual training based on your firms specific needs. During the days following your first trade date, they will remain onsite to offer support as needed.

We invite you to discover the many advantages of working with Broadcort.

To obtain more information about our capabilities, or to arrange a consultation to learn more about what Broadcort can do for your firm, please contact via email Anthony J Vella or Rastko Tomin or Vito Laurenzano .

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