The system, from TradingScreen, will be deployed globally. Using the TradeSmart system, Merrill Lynch's clients will be able to trade globally across all asset classes and monitor their real-time intraday positions and profit and loss within the application.
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Jarrod Yuster, head of global portfolio and electronic trading at Merrill Lynch, said, "We are excited about the opportunity TradingScreen is offering us to package our prime brokerage services and electronic trading solutions into a single, multibroker platform."
He said, "A seamless integration of position management, stock loan, financing and multi-asset trading into one global platform will enhance Merrill Lynch's competitive edge for its hedge fund and institutional clients requiring bundled financing and execution services."
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