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Soft Dollar and Directed Activity
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 Soft Dollar and Directed Activity

The Citation Groupsm is a leading provider of soft dollar, directed commission and commission recapture services to institutional clients worldwide. Through Citation, we offer agency transactions in Listed, NASDAQ, international, portfolio trading and new issue securities to obtain independent, third-party investment and research-related products and services.

Benefits of a Citation Soft Dollar Program

Broad Global Network
Merrill Lynch is a member of more than 40 exchanges in 30 countries. Our sizeable global daily volume and significant crossing ratios make Merrill Lynch the broker of choice for liquidity, execution quality and competitive soft dollar pricing.

Dedicated Citation Sales and Relationship Management Teams
Citation's soft dollar teams are integrated within Merrill Lynch's equity trading desks in New York, Boston, Chicago and San Francisco, enabling us to manage your soft dollar relationship smoothly and efficiently.

Online capabilities via MLX tm
Through the firm's internet portal for institutional clients, Citation offers an exclusive web-based application called E-Citation, which allows you to monitor your account on a (T+1) basis, download customizable reports, access statements dating back seven years, view a PDF file of your invoices as well as approve and track payments.

One Global Technology Platform
Our state-of-the-art reporting system supports our clients' soft dollar businesses on a global basis. We offer seamless online access to a full suite of resources, including analytical services, historical reports, Soft Dollar Management tools and invoice process automation.

Thought Leadership

“Multi-Prime Broker Environment: Overcoming the Challenges and Reaping the Benefits”
June 2008
White Paper
“Building the Organization to Support the 130/30 Opportunity”
4th Quarter, 2007
White Paper
Matching Expectations: Merrill Lynch's Chris Jackson, director of EMEA execution sales, talks to The Trade about electronic trading.
October 2008
White Paper
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