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BofA Merrill Rolls out Broker-Dealer Instinct

Trading, Clearing and Order Flow Management Platform of Trader Instinct™ Now Available to Sell-side 

Trader Instinct, Bank of America Merrill Lynch’s global equities trading and consulting platform, is now available 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 state-of-the-art infrastructure that the firm has built and continues to expand and invest in.

“Broker-Dealer Instinct is an easy and more efficient way to meet the needs of the sell-side,” said Jonathan Werts, head of Broker-Dealer Execution. “It connects them to our industry-leading expertise, liquidity, strategies, technology and service through one platform.”

“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 cutting-edge, multi-asset trading tools to their trading desks and offer their clients seamless access to liquidity. These powerful order routing management solutions can be easily configured and white labeled. Benefits include global market access and liquidity sourcing via Instinct X, BofA Merrill’s ATS.
  • Clearing via Merrill Pro or Broadcort: Two widely recognized platforms provide end-to-end clearing, financing and trade processing solutions that free up broker-dealers to focus valuable capital and resources on clients and trading activities.
  • Technology sponsorship or outsourcing: Brokers can leverage BofA Merrill’s memberships to exchanges and other venues to achieve high-quality execution in a cost-effective manner.
  • Commission management: The platform provides choice and flexibility to pay for research and execution, and the freedom to use the preferred strategy regardless of broker or commission structure.

BofA Merrill is a leading global provider of equity, options and futures trading, and sales and research services to mutual funds, hedge funds, CTAs, broker-dealers, pensions, endowments and other institutions. The bank was recently ranked No. 1 for share of options and volatility commissions in the 2012 Greenwich Associates North American Equity Derivative Survey. It also ranked in the top three for U.S. Equity Trading Share and Electronic Penetration in the 2012 Greenwich Associates Survey. Additionally, BofA Merrill was named Best Equity Bank in North America in 2012 by Global Finance.