As trading strategies, benchmarks and market structure continue to become more sophisticated and competitive, BofA Merrill Lynch Portfolio Trading is a valued partner, helping you navigate the changing landscape, minimize costs and stay ahead of market trends. Our team of experienced portfolio trading professionals, backed by the global resources of BofA Merrill Lynch's equity and equity derivatives platform, delivers the right trading solution across the spectrum of execution options.
Overview
Execution Capabilities
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Agency Trading
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Exchange for Physical (EFP)
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Basic Trades
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Guaranteed VWAP
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Guaranteed Market on Close
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Blind Risk
Ancillary Services
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Pre-Trade Analytics
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Post trade Reporting
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Transaction Cost Analysis
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Index research
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Russell Re-Constitution
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MSCI Coverage
Perspective |
Trader Trends
Does your broker run a 4.19 or a 4.82 40? Speed Matters!
In searching for hard to find liquidity, today's traders are increasingly relying on more aggressive algorithms to intelligently source safe trading venues. BofAML research has shown that dark liquidity can significantly improve order performance. BofAML has developed new routing technology, Instinct Access™, to reach these venues more quickly and actively than ever before.
MoreTrader Trends
Swaps: Dynamically Financing Your Portfolio
Take advantage of short term funding movements by varying your roll dates. Using data from 2000-2012, BofAML's Delta One Desk calculates that the implied funding cost in S&P 500 futures cheapens on average by 3bps post expiration. As expiration gets closer, long SPX futures rollers drive rolls richer. In Q4 2012, our most recent and extreme example, funding richened 51bps over the last two weeks...
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Fed Funds Rate Announcements Affect Overall Market Volume
Volume prediction and real-time volume tracking play a key role in algorithmic performance, especially for long-duration Scheduling strategies. Special market events can concentrate liquidity at certain times of day and alter the overall volume profile. At BofA Merrill Lynch we have found that Fed Funds Rate announcements affect the volume curve at the time of the announcement and affect overall...
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Efficiently Source Liquidity at the End of the Day
End of day trading continues to play an important role in how institutions are completing orders and sourcing liquidity. BofAML has found during the last 15 minutes, typically spreads are tighter, volatility is lower and more liquidity is available to trade because of a number of micro-structure changes.
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How can market movements be incorporated into single stock algorithm orders to improve execution quality?
High correlations between market indexes, ETF's and single stocks provide opportunities to improve the performance of single stock algorithms. Recognition of a trending market or delta in relative returns can be leveraged into more enlightened order placement. Instinct® can now recognize even a short term divergence in relative returns to improve trading performance.
More- Does your broker run a 4.19 or a 4.82 40? Speed Matters! Trader Trends
Apr., 2013 - Swaps: Dynamically Financing Your Portfolio Trader Trends
Mar., 2013 - Fed Funds Rate Announcements Affect Overall Market Volume Trader Trends
Feb., 2013
- Efficiently Source Liquidity at the End of the Day Trader Trends
Jan., 2013 -