RealTick, a global, multi-broker, cross-asset electronic trading platform, has added Bank of America Merrill Lynch’s (BofA Merrill) latest algorithm to its capabilities to enable clients to execute US equity pairs trades.
RealTick users can now access BofA Merrill’s latest tool to execute pairs trades, alongside the firm’s existing execution and liquidity services for global equities, options and futures.
The pairs algorithm includes Spread, Ratio, INVSPREAD and INVRATIO strategies with customizable parameters and summary views.
RealTick Business Development global head Michel Finzi said that pairs trading has gained widespread adoption with clients engaged in relative value trading, so RealTick is pleased to add BofA Merrill’s latest pairs capabilities.
“Today’s traders are looking for the latest tools and functionality, combined with the highest level of client service from their brokers and trading platform. Our aim is to provide access to the widest network of brokers and their latest electronic products, within a functionally rich and configurable platform, providing traders with a competitive advantage at their fingertips,” Finzi said.