Bank of America Merrill Lynch

149 results about this entity

Period: 09 Oct 2007 - 05 Oct 2022

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North American securities industry IT spending to plummet

North American securities industry IT spending to plummet

The bankruptcy of Lehman Brothers and acquisition of Merrill Lynch by Bank of America will contribute to a fall of nearly 15% in IT spending by the securities industry in North America next year, according to Tabb Group.

Cyber-squatters jump on Wall Street woes

Cyber-squatters jump on Wall Street woes

Opportunistic cyber-squatters are seeking to capitalise on the rush of emergency mergers on Wall Street by snapping up domain names related to the collapsed banks and their buyers.

Lehman bankruptcy and Merrill buy-out shrinks industry IT budget

Lehman bankruptcy and Merrill buy-out shrinks industry IT budget

From a technology perspective, the US securities industry has shrunk by around six per cent in recent days following Lehman Brothers' bankruptcy and the acquisition of Merrill Lynch by Bank of America, according to analysis by Financial Insights.

ITG buys out BLOCKalert; reports fall in Q2 net income

ITG buys out BLOCKalert; reports fall in Q2 net income

New York-based Investment Technology Group (ITG) says it is buying the stake it doesn't already hold in BLOCKalert, a block trading joint venture it established with Merrill Lynch.

Merrill smart order router executes 100m shares on Chi-X Europe

Merrill smart order router executes 100m shares on Chi-X Europe

Chi-X Europe says Merrill Lynch's smart order router executed over 100 million shares on its pan-European multilateral trading facility (MTF) in a single day last week.

Merrill to sell Bloomberg stake for $4.4 billion

Merrill to sell Bloomberg stake for $4.4 billion

Merrill Lynch has agreed a deal to sell its 20% stake in Bloomberg back to the news and financial data company for a price approaching $4.5 billion.

Merrill mulling Bloomberg stake sale

Merrill mulling Bloomberg stake sale

Merrill Lynch CEO John Thain has fuelled new speculation that the investment bank is considering selling its 20% stake in US financial information company Bloomberg.

Banks back TradeWeb STP network

Banks back TradeWeb STP network

TradeWeb says its dealer-owners have committed to use its expanded straight-through processing (STP) platform for the voice and electronically-traded fixed income securities that they trade with customers.

Omgeo moves to eliminate paper confirm disclosures

Omgeo moves to eliminate paper confirm disclosures

Post trade processing outfit Omgeo says its broker dealer clients will soon be able to eliminate paper-based disclosures associated with trade confirmations and send the information electronically, whilst complying with SEC regulations.

Bravura Solutions share trading suspended

Bravura Solutions share trading suspended

Fast-growing Aussie pensions and wealth management technology vendor Bravura has suspended trading in its shares after becoming entangled in the collapse of domestic stockbroker Lift Capital

Citi CEO takes aim at IT budgets under major cost reduction programme

Citi CEO takes aim at IT budgets under major cost reduction programme

Information technology budgets at Citigroup are set to be slashed under a massive cost-reduction programme ordered by new CEO Vikram Pandit.

Credit Suisse buys into Axe ECN

Credit Suisse buys into Axe ECN

Credit Suisse is acquiring an undisclosed stake in Axe ECN, which is being set up by the New Zealand Exchange (NZX) and five other banks to compete with services provided by the Australian Stock Exchange (ASX).

Turquoise names Peter Gibbs non-executive chairman

Turquoise names Peter Gibbs non-executive chairman

Turquoise, the bank-backed equities trading facility, has appointed Peter Gibbs as non-executive chairman of its board of directors.

New futures exchange named ELX

New futures exchange named ELX

The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange will be named ELX Electronic Liquidity Exchange.

Merrill Lynch hires Sanzone as chief administrative officer

Merrill Lynch hires Sanzone as chief administrative officer

Merrill Lynch has hired Thomas Sanzone - currently chief information officer (CIO) at Credit Suisse - to oversee its global technology, operations and corporate services groups.

Markit to launch multi-dealer valuations platform

Markit to launch multi-dealer valuations platform

UK market data vendor Markit Group is working with six Wall Street banks to launch a global, multi-bank, cross-asset client valuations platform.

Merrill Lynch rolls out Fiserv reconciliation technology

Merrill Lynch rolls out Fiserv reconciliation technology

Merrill Lynch is implementing the CheckFree Frontier reconciliation system from Fiserv across its global operations.

Markit buys Boat

Markit buys Boat

UK market data vendor Markit has confirmed that it has acquired the Boat MiFID-compliant trade reporting platform from the consortium of nine investment banks that launched the system in September 2006. Financial terms of the deal have not been disclosed.

RiskMetrics prices shares at $17-$19 for IPO

RiskMetrics prices shares at $17-$19 for IPO

New York financial analytics outfit RiskMetrics Group says it will sell a total of 14 million shares at an estimated price of $17-$19 apiece in its forthcoming initial public offering (IPO).

Banks, trading firms take minority stake in Chi-X

Banks, trading firms take minority stake in Chi-X

A group of 13 banks and trading firms has taken a minority equity stake in Instinet's MiFID-compliant alternative trading facility, Chi-X Europe.

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