All Entries in the "BAML" Category
BAML and TORA Partner to Launch Trading Platform
Bank of America Merrill Lynch (“BofAML”) and Tora Holdings, Inc. (“TORA”), provider of advanced trading technology and financial services, announced December 12 they will partner to provide buy-side clients a broker-neutral co-branded trading platform, Thunder. Utilizing TORA’s leading multi-broker, multi-market, multi-asset electronic trading solution, Thunder is the first co-branded undertaking in electronic trading services for [...]
Kim Man Li Joins BAML
Bank of America Corp. (BAC) has hired Kim Man Li, former head of Asian electronic trading sales at Goldman Sachs Group Inc. (GS), as a director and head of product development for Asia Pacific equity execution services in Hong Kong. Li will join the bank’s Merrill Lynch unit, reporting to Ryan Holsheimer, head of Asia [...]
Bank of America Merrill Lynch Connects to TORA Crosspoint
Tora, Asia’s leading provider of advanced trading technology and financial services, announced that Bank of America Merrill Lynch (BofAML) has connected to TORA Crosspoint, increasing the number of broker pools accessible through TORACrosspoint. TORA Crosspoint, which launched in February 2010 for Japan-listed securities, is an off-exchange liquidity venue comprised of Tora’s substantial internal liquidity and [...]
Merrill Lynch Equities Australia Fined By The ASX for 21 Contraventions
In two separate reports recently issued by the Australian Exchange Disciplinary Tribunal (ASXDT) found that Merrill Lynch Equities Australia (MLEA) breached 21 ASX Market Rules during 2007 and 2008 resulting in over A$330,000 worth of fines. The contraventions ranged from untimely trade reporting, erroneous allocation of client orders, wrong limit prices from the same trader [...]
Merrill Lynch Launches Japanese DMA Trading Platform
Merrill Lynch Japan Securities (MLJS) has unveiled the country’s first third-party co-located service for low-latency electronic trading and direct market access to multiple execution venues. Customers will be able to trade from a third-party data centre, accessing multiple exchanges from a single location by selecting brokers that hold the required memberships. Merrill worked with network [...]
