Free Site Registration

BofA Said to Abandon Market-Making Unit Amid Industry Scrutiny

Traders Magazine Online News, May 23, 2014

Sam Mamudi and Hugh Son

Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lenderís Merrill Lynch wealth-management division, said two people with knowledge of the decision. The reported move comes a day after Goldman Sachs sold its own market making unit.

Get access to this article and thousands more...

All 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.

Already Registered?