AlgoSpan, the specialist market infrastructure provider, is pleased to announce that Bank of America Merrill Lynch has gone live with AlgoSpan’s European low latency exchange market access platform, “AlgoNet’.
From January 2013, Bank of America Merrill Lynch clients have been able to access AlgoSpan’s low latency pan-European inter-exchange network, including co-location at all major venues.
Dr Rami Habib, co-founder and director of AlgoSpan, quotes: “It’s not only HFT firms that are looking to enhance execution quality by faster access to markets, and high quality and low latency market data. We are seeing large hedge funds and money managers that in the past were not so focussed on low latency execution now investing heavily in research and development to optimise execution and reduce slippage. Good quality DMA access is the first point of this research. Bank of America Merrill Lynch, being a leading global DMA provider is now able to offer exchange access across the AlgoSpan low latency European network as one of Bank of America Merrill Lynch’s key infrastructure providers.”
Tony Walker, Managing Director, European Execution Services at Bank of America Merrill Lynch, said: “We are committed to providing the fastest possible DMA infrastructure for our clients and we are delighted to add AlgoSpan as one of our infrastructure providers.”
