Bank of America Merrill Lynch has rolled out its global equities trading and consulting platform Trader Instinct to sell-side brokers via Broker-Dealer Instinct, a trading, clearing and order flow management platform.
Broker-Dealer Instinct is a multi-asset platform that provides sell-side firms and their clients access to many of the same electronic trading tools that BofA Merrill’s internal trading desks use, as well as the bank’s infrastructure.
“BofA Merrill has been a leader in providing equity, options, and futures clearing and financing services to traders and firms for many years,” said Gary Yetman, head of Merrill Lynch Professional Clearing Corporation. “Our sell-side clients can benefit from our tremendous size, scale and efficiencies.”
Broker-Dealer Instinct sales teams advise clients on liquidity solutions and routing via BofA Merrill’s proprietary suite of algos. The platform enables the sell-side to deploy multi-asset trading tools to their trading desks and offer their clients access to liquidity.
Instinct also offers clearing via Merrill Pro or Broadcort, two platforms providing end-to-end clearing, financing and trade processing solutions to focus valuable capital and resources on clients and trading activities.
In addition, brokers can leverage BofA Merrill’s memberships to exchanges and other venues to achieve high-quality execution in a cost-effective manner. The platform allows firms to pay for research and execution and to use the preferred strategy regardless of broker or commission structure