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Article: Bank of America Merrill Lynch Launches Algorithm Suite for Brazilian Equities.
- Article from:
- Biotech Week
- Article date:
- November 11, 2009
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Bank of America Merrill Lynch announced the expansion of its global algorithmic trading platform into Brazil to meet increasing demand from international and local investors for more sophisticated trading products designed for Brazil's Bovespa (see also Bank of America Merrill Lynch).
The new offering includes several of Bank of America Merrill Lynch's most popular algorithms, including implementation shortfall and VWAP.
"Interest and liquidity in Brazilian stocks have risen significantly this year and as a result our international investor clients are asking for more sophisticated trading tools to access this market," said Steve Schneider, head of ...