Another System For Trading Block Orders
Traders Magazine, May 2004
Banc of America Securities (BofA) is launching an anonymous electronic block trading system. Premier Block Trading (PBT) facilitates, anonymously, principal trades between BofA and its clients. The process falls somewhere between that of an electronic crossing network and the blind bidding of a program desk. "This is a revolutionary idea," says Rob Flatley, who runs BofA's electronic trading services. "We provide two-way quotes for blocks with hit and take functionality."
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.