Bank of America Merrill Lynch launches FX options platform

Wednesday, 15/12/2010 | 11:54 GMT by Michael Greenberg
Bank of America Merrill Lynch launches FX options platform

BofA Merrill said that new platform will allow clients to obtain two-way dealable prices and execute trades live or with delta Exchange .

According to the BofA Merrill, the new options capabilities will allow client to trade vanilla options and vanilla strategies on G10 currencies and crosses globally 24 hours a day, six days a week.

The system is closely integrated with the spot- and forward-trading capabilities provided on the same platform, and includes a unified trade blotter for spot, forwards and options.

BofA Merrill head of eFX Options Trading Richard Elliott said that the FX options market has seen an increased demand for electronic trading capabilities, both via desktop applications and via API.

"We've received very favorable feedback on the speed and ease of use of the platform; our clients also appreciate the added control this sophisticated product offers," Elliott added.

BofA Merrill said that new platform will allow clients to obtain two-way dealable prices and execute trades live or with delta Exchange .

According to the BofA Merrill, the new options capabilities will allow client to trade vanilla options and vanilla strategies on G10 currencies and crosses globally 24 hours a day, six days a week.

The system is closely integrated with the spot- and forward-trading capabilities provided on the same platform, and includes a unified trade blotter for spot, forwards and options.

BofA Merrill head of eFX Options Trading Richard Elliott said that the FX options market has seen an increased demand for electronic trading capabilities, both via desktop applications and via API.

"We've received very favorable feedback on the speed and ease of use of the platform; our clients also appreciate the added control this sophisticated product offers," Elliott added.

Topics
forex
trading
brokers
fx
Vanilla Options
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