Bank of America Launches Liquidity Aggregating Algorithm, Fusor(TM)

NEW YORK, July 9 /PRNewswire/ -- Bank of America today announced the launch of Fusor(TM), a liquidity aggregating algorithm designed to locate and amass available shares from a wide array of market centers, including stock exchanges, crossing networks, electronic communications networks (ECNs), and dark pools. Fusor is the tenth algorithm available through the company's suite of trading tools, Electronic Algorithmic Strategy Execution (EASE(TM)).

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Unlike smart order routers, which evaluate market destinations individually, the Fusor algorithm maintains a simultaneous record of trading patterns across multiple liquidity venues and uses this data to predict total available liquidity before and during a trade, freeing the trader to better focus on execution strategy.

"We believe Fusor will help our clients improve execution quality and better manage their workflow," said Jason Crosby, head of Global Markets Electronic Trading Services Sales. "By giving a big picture of available liquidity, the Fusor algorithm will facilitate more informed trading decisions and allow traders to concentrate more on strategy, as opposed to venue."

The algorithm is expected to be especially useful in helping traders access dark pools as well as undisplayed trading interest at traditional market centers.

"Market structure changes have driven significant liquidity to dark pools which may provide investors with price improvement," added Bill Harts, head of strategy for Equities at Bank of America. "Tools like Fusor can help firms tap into hidden liquidity which will become more important as non-disclosed trading environments attract greater volume in the years ahead."

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com/.