Buy- and sell-side traders who execute options orders on Bank of Americas Trader Instinct trading system are getting a whole slew of improvements and new tools.
Today, in a bid to grab more options trading volume as that sector experiences solid growth, has revamped its Instinct electronic trading system. The firm looks to assist traders and help them maximize efficiency when it comes to order handling and get better fill rates.
The new enhancements to the Instinct Options component of the platform include an infrastructure upgrade, a range of new algorithms, and direct option market data feeds for more efficient, finely tuned processing.
Enrichments to the Instinct Options platform include:
Infrastructure hardware upgrades.
Advanced market data processing.
TWAP (Time Weighted Average Price) algorithm.
Display quantity randomization.
Delta-adjusted performance improvements.
Exchange crossing order mechanisms: price improvement, facilitation, solicitation, and customer match.
Instinct Options is BofA Merrills options trade execution and consulting platform, a component of Trader Instinct. Instinct Options draws on in-depth market insights and actionable ideas, adaptive algorithm strategies, vast liquidity capture and global reach, with flexible delivery through both electronic and consultative channels to help clients efficiently engage in options trading through one sophisticated platform.
