Bank of America Merrill Lynch (BAML) has launched electronic foreign exchange (eFX) options trading capabilities for institutional and corporate clients. The platform, which allows clients to obtain two-way dealable prices and execute trades live or with delta exchange, is a component of BAML’s overall eFX offering.
The new options capabilities allow clients to trade vanilla options and vanilla strategies on G10 currencies and crosses globally 24 hours a day, six days a week. The system is closely integrated with the spot- and forward-trading capabilities provided on the same platform, and includes a unified trade blotter for spot, forwards and options. Distinguishing it from many other systems in the market is the ability for clients to access the platform electronically via its application programming interface (API).
“The FX options market has seen an increased demand for electronic trading capabilities, both via desktop applications and via API,” said Richard Elliott, head of eFX options trading, BAML. “We’ve received very favourable feedback on the speed and ease of use of the platform; our clients also appreciate the added control this sophisticated product offers.”
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