NEW YORK, Aug. 3 /PRNewswire/ -- Bank of America today announced that InstaQuote(R), Banc of America Securities' (BAS) trader workstation, has exceeded 6,000 global users for transactions in securities listed on U.S. exchanges. Launched to BAS' buy-side client base in 2004, InstaQuote is a direct market access application that provides integrated order management, analytics, portfolio maintenance, back office capabilities, direct quotes and access to BAS' menu of algorithmic trading strategies.
"Surpassing 6,000 users is a testament to InstaQuote's ease of use and execution quality and also demonstrates the value of our integrated product strategy, which facilitates client access to a broad range of Banc of America Securities' services," said Bill Harts, head of equity strategy for BAS.
In addition to providing third-party connectivity to the industry's top order management systems and liquidity aggregators, BAS also offers InstaQuote users the ability to private label the software in order to build stronger relationships with their own clients.
Bank of America (NYSE:BAC) 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.
Source: Bank of America