Automated trading tools provider Bank of America Merrill Lynch (BAML) has launched two new execution algorithms. The Ambush and Instinct algorithms will help meet the rising demand for the bank’s futures trading suite. Instinct, which leverages BofA Merrill’s quantitative impact model, will implement in-line with market activity using market conditions, volatility and predicted volume. The algorithm makes optimal use of order placement and duration with performance measured against the arrival price. Ambush, which is a liquidity-seeking algorithm for filling orders via available displayed liquidity, supervises trading impact and accordingly adjusts order placement.
Click here for the release from Bank of America.