Merrill Lynch rolls out options pricing algorithm

NEW YORK--(BUSINESS WIRE)--Bank of America Merrill Lynch today announced the addition of its Delta Adjusted algorithm to its equity options algo offerings. Delta Adjusted is an adaptive algo that automates traders’ work flow by automatically adjusting an option order limit price based on the underlying stock price movement and the traders’ defined parameters.

“This comprehensive algo efficiently distributes based on a complex model, giving the trader more time for analysis and strategy.”
"We are constantly striving to provide our clients the most sophisticated tools to navigate the options marketplace,” said Jonathan Werts, head of Broker Dealer Execution Services. “This comprehensive algo efficiently distributes based on a complex model, giving the trader more time for analysis and strategy."

Using this highly customizable order type, traders can execute on multiple parameters and leverage BofA Merrill’s banner equity algorithms Instinct® and Ambush®, providing a more holistic trading tool that works across asset classes. Clients can access the Delta Adjusted algo via BofA Merrill’s InstaQuote® trading platform or through third-party vendors.

For more information on BofA Merrill’s full options algo suite, please click here.

Bank of America Merrill Lynch is a leading global provider of equity, options and futures trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions. Its award-winning algorithmic trading platform was ranked as one of the top three Pan-European brokerage firms for electronic trading algorithmic quality in the 2011 Thomson Reuters’ Extel Pan-European Survey and one of the top three providers of algorithmic trading in The Trade’s 2010 Algorithmic Trading Awards.

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