Asset Classes

The collaboration expands the firm’s NYFIX platform and will provide clients with access to extended hours liquidity across more than 4,000 US equities.  

The new solution will combine liquidity across multiple Trumid protocols into a single automated workflow within trader-defined limits; “[...] traders will increasingly seek automation that can also operate across multiple liquidity protocols simultaneously rather than within isolated RFQ workflows,” global head of sales tells The TRADE. 

The move marks a return to the buy-side firm for new hire, who previously spent five years at State Street Investment Management in various senior ETF-related roles.  

The authorisation marks the culmination of the consolidated tape's regulatory process; Etrading Software was granted a £4.8 million contract by the FCA to deliver the tape back in September 2025.

The integration will allow Bank of America clients to mitigate cross currency swaps-related risks, and is set to support liquidity optimisation and reduce daily funding requirements.  

The past week has seen a spate of moves across the sell-side, including a new global head of equities hire, as well as additions to outsourced and equity sales trading desks.  

The integration is set to boost market visibility and transparency for BCC clients looking to operate in the country’s FX market.  

Firms say ETFs can no longer be treated as “just another fund wrapper” as active products, retail flows and synthetic structures reshape the market.

Addition brings previous equity sales trading experience to the role; previously spent five years at asset manager Polar Capital.  

The new offering will allow clients using State Street’s FX Connect to carry out in-flight TCA and algorithmic controls, to enhance visibility for execution quality and oversight.