Gary Hunt, director of execution services at BofAML says the deal is in response to demand for the data from clients wanting access to growing liquidity on complex order books.
EESAT began talking to BofAML around the end of the first quarter this year, and spent around three months connecting to the bank's routing infrastructure to allow clients to seamlessly trade the spread contracts displayed on OptEx via the bank.
"We worked for around three months to perform the FIX certifications so that
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails