Bank of America Merrill Lynch announced Monday that it has introduced electronic foreign exchange options trading for institutional and corporate clients.
The platform, which lets clients obtain two-way dealable prices and execute trades live or with delta exchange, is a component of B of A Merrill's overall e-foreign exchange offering. The company said that the new options let clients 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.
B of A Merrill said the platform is different than that of competitors because it provides electronic access through its application programming interface.
