BAML Adds Equity Options Algo
Bank of America Merrill Lynch (BAML) has released a new delta-adjusted algorithm to its equity options algo offering.
The adaptive algo is designed to automate a trader's workflow by automatically adjusting an option order limit price based on the underlying stock price movement and the traders' defined parameters, according to the firm.
Clients can access the algo via the BAML's InstaQuote trading platform or through supporting third-party vendors.
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