Merrill Lynch's BDX routing offers a complete suite of premier trading services enhanced by the Firm's vast global resources, superior liquidity, world-class technology, and leading scale positions in the capital markets. It offers direct market access to equities and options markets, ECNs, and other major sources of liquidity:
| Electronic Trading Solutions |
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| ML X-TRADE: A Total Trading Tool |
ML X-TRADE is a powerful tool for managing multiple
accounts, multiple traders, and active trading portfolios.
- Smart order routing
- Access to Merrill Lynch's powerful algorithmic trading platforms
- Low latency in order execution
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| Options Smart Routing
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Our options Smart Routing system determines the optimal
destination for a particular order:
- Options Smart Routing is available for both the ML XTRADE
front-end application and FIX users
- Orders sent to the Options Smart Router will be sent to
the exchange quoting NBBO, based on the priority of the
exchange order requested in advance and agreed to with
Merrill Lynch, which allows you to send orders via ML
X-TRADE to the marketplace without having to select
an options exchange
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| Equities Smart Routing |
Our equities Smart Order Routing (SORT) system assists you
with Reg. NMS requirements. It also provides you with access
to myriad dark pools of liquidity.
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| Algorithmic Trading
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Merrill Lynch provides a fully anonymous and service oriented
algorithmic trading offering, with algorithms that are designed to
be modular and flexible:
- The algorithms are designed to be flexible and fully modular to help the trader more precisely express his/her trading objectives
- Merrill Lynch's extensive market structure research continually enhance the trading strategies
- Merrill Lynch's algorithmic platform optimally leverages the firm's internal liquidity with trade schedule crossing
- Volume and volatility forecasting reduce slippage
- Represent orders in multiple pools of un-displayed liquidity
while trading in continuous market without signaling the market
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| Crossing Strategies |
Merrill Lynch crossing strategies provide access to Merrill's
unique liquidity pool as well as resident, hidden, and
reserve orders on both public exchanges as well as ECNs:
- BlockSeeker - Aggregator of visible and hidden liquidity
- Scan + Route -Automated sweep of internal and external
undisplayed liquidity pools before trading
- I would if I could - Represents the order in multiple pools
of undisplayed liquidity while trading via algos
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| Cross Border Execution
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Our cross border capabilities give you access to over fifty
markets throughout the Americas, Europe, Asia, and the
Middle East.
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