TradingScreen, an execution management system provider, and investment bank Merrill Lynch have teamed up to offer an integrated electronic and prime brokerage solution to their mutual clients.
With the new product, Merrill Lynch clients that use TradingScreen’s TradeSmart solution will be able to trade globally across asset classes and monitor their real-time intraday positions and profit and loss within the application.
The new product will fuse Merrill Lynch’s electronic trading strategies with its global prime brokerage offering. TradingScreen’s application service provider (ASP) model will allow this functionality to be immediately available to all of Merrill Lynch’s hedge fund clients globally.
“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,” said Jarrod Yuster, head of global portfolio and electronic trading at Merrill Lynch, in a statement.