Bank of America Merrill Lynch Simplifies Trading Strategies for Options

  Bank of America Merrill Lynch Simplifies Trading Strategies for Options

Business Wire

NEW YORK -- January 23, 2014

In an effort to simplify its electronic options trading platform, BofA Merrill
has consolidated its options algo offering into four best-of-breed strategies:
Clean Sweep, Fast Sweep, Delta-Adjusted and Smart Spreads.The strategies have
incorporated more flexibility while minimizing complexity and allow for full
customization.

“Options traders are looking for sophisticated strategies without all the
intricacies on the front-end,” said Jonathan Werts, head of Electronic
Derivatives.“In response, we’ve revamped our algo offering by reducing
parameter complexity and streamlining the process, making strategy selection
more intuitive for traders.”

Clean Sweep and Fast Sweep are liquidity-seeking algos that leverage the best
of both worlds:smart posting logic and aggressive liquidity
capture.Delta-Adjusted is the firm’s adaptive algorithm that allows an order
to dynamically update according to order level parameters and the changing
market.And finally, Smart Spreads is the multi-legged strategy that
intelligently moves spread orders among multiple exchange complex order books
in an effort to maximize fill rates.

By simplifying its offering, BofA Merrill provides more flexibility to traders
by merging the functionality of several algorithms into four core
strategies.Traders will no longer have to choose one capability at the
expense of another; rather they will be able to combine complimentary
functions.

BofA Merrill is a leading provider of clearing and financing services for
U.S.-listed options and a global provider of equity, options and futures
trading, sales and research services to mutual funds, hedge funds, CTAs,
broker-dealers, pensions, endowments and other institutions. The firm was
voted No. 1 U.S. Equities Trading Broker in the Greenwich Associates 2013
Survey, and Trader Instinct™ was named Equity Electronic Platform of the Year
in 2013 by Derivatives Week.

Note: Options involve risk and are not suitable for all investors. There is no
guarantee that the option strategies promoted will accomplish the stated
objectives. Options trading is considered speculative and may result in the
loss of a portion of or all of your initial investment, and/or funds in excess
of the principal invested. Prior to buying or selling an option, you should
reference the Characteristics and Risks of Standardized Options, "Option
Disclosure Document" (ODD). All clients must receive a copy of the ODD prior
to conducting any option trades. Electronic copies of the ODD and any
supplements are available on this website and the Option Clearing Corp
website, located at the following link:
http://www.optionsclearing.com/about/publications/character-risks.jsp.

Bank of America
Bank of America is one of the world's largest financial institutions, serving
individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. The company
provides unmatched convenience in the United States, serving approximately 50
million consumer and small business relationships with approximately 5,100
retail banking offices and approximately 16,300 ATMs and award-winning online
banking with 30 million active users and more than 14 million mobile users.
Bank of America is among the world's leading wealth management companies and
is a global leader in corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments, institutions
and individuals around the world. Bank of America offers industry-leading
support to approximately 3 million small business owners through a suite of
innovative, easy-to-use online products and services. The company serves
clients through operations in more than 40 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

“Bank of America Merrill Lynch” is the marketing name for the global banking
and global markets businesses of Bank of America Corporation. Lending,
derivatives, and other commercial banking activities are performed globally by
banking affiliates of Bank of America Corporation, including Bank of America,
N.A., member FDIC. Securities, strategic advisory, and other investment
banking activities are performed globally by investment banking affiliates of
Bank of America Corporation (“Investment Banking Affiliates”), including, in
the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Merrill Lynch Professional Clearing Corp., both of which are registered as
broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by
locally registered entities. Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Merrill Lynch Professional Clearing Corp. are registered as
futures commission merchants with the CFTC and NFA. Investment products
offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose
Value • Are Not Bank Guaranteed. © 2014 Bank of America Corporation

Bank of America Merrill Lynch and associated logos and derivatives are
trademarks of Bank of America. © 2014 Bank of America Corporation. All rights
reserved.

Visit the Bank of America newsroom for more Bank of America news.

                            www.bankofamerica.com

Contact:

Reporters May Contact:
Kerrie McHugh, BofA Merrill, 1.646.855.3375
kerrie.mchugh@bankofamerica.com
 
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