March 2006

Algorithmic trading: BoA harnesses rocket science for trading race

Bank of America gets the edge with its acquisition of Financial Labs.


Market players believe Bank of America has pulled off a shrewd move with its takeover of Financial Labs, a specialist in algorithmic-driven pricing and trading.

FinLabs is a trading firm based in Cambridge, Massachusetts, staffed by a team of mathematicians and astrophysicists. One market participant says that FinLabs has a market-making program that sends many bids and offers into the various liquidity platforms that...


The rest of this article is available to subscribers only

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.