Bank of America Merrill Lynch has rolled out a new ultra low-latency market access and risk control platform for U.S. equities. BofAML Express has been created by Thesys Technologies, the services arm of high-frequency trading firm Tradeworx, adds Financial Times.
The new platform is software based and seeks to execute in less than 10 microseconds. Deutsche Bank, Nomura, Morgan Stanley and Barclays Capital are also aiming to roll out trading platforms via computer hardware.
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