BofA Unveils New Trading Platform

Bank of America Merrill Lynch has rolled out a new ultra low-latency market access and risk control platform for U.S. equities. BofAMLExpress has been created by Thesys Technologies, the services arm of high-frequency trading firm Tradeworx, adds FinancialTimes.

The new platform is software based and seeks to execute in less than 10 microseconds. Deutsche Bank, Nomura, MorganStanley and Barclays Capital are also aiming to roll out trading platforms via computer hardware.

Click here for the release from Business Wire.

Click here for additional coverage from Financial Times.