| 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.
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