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BofA Merrill Rolls out Broker-Dealer Instinct

February 4, 2014

Trading, Clearing and Order Flow Management Platform of Trader Instinct™ Now Available to Sell-side NEW YORK --(BUSINESS WIRE)-- Trader Instinct ™ , Bank of America Merrill Lynch’s global equities trading and consulting platform, is now available to sell-side brokers via Broker-Dealer Instinct, a trading, clearing and order flow management platform. Broker-Dealer Instinct is a multi-asset platform that provides sell-side firms and their clients access to many of the same electronic trading tools that BofA Merrill’s internal trading desks use, as well as the state-of-the-art infrastructure that the firm has built and continues to expand and invest in. “Broker-Dealer Instinct is an easy and more efficient way to meet the needs of the sell-side,” said Jonathan Werts , head of Broker-Dealer Execution. “It connects them to our industry-leading expertise, liquidity, strategies, technology and service through one platform.” “BofA Merrill has been a leader in providing equity, options, and futures clearing and financing services to traders and firms for many years,” said Gary Yetman , head of Merrill Lynch Professional Clearing Corporation . “Our sell-side clients can benefit from our tremendous size, scale, and efficiencies.” Broker-Dealer Instinct sales teams advise clients on: Liquidity solutions and routing via BofA Merrill’s proprietary suite of algos: The platform enables the sell-side to deploy cutting-edge, multi-asset trading tools to their trading desks and offer their clients seamless access to liquidity. These powerful order routing management solutions can be easily configured and white labeled. Benefits include global market access and liquidity sourcing via Instinct X, BofA Merrill’s ATS. Clearing via Merrill Pro or Broadcort: Two widely recognized platforms provide end-to-end clearing, financing and trade processing solutions that free up broker-dealers to focus valuable capital and resources on clients and trading activities. Technology sponsorship or outsourcing: Brokers can leverage BofA Merrill’s memberships to exchanges and other venues to achieve high-quality execution in a cost-effective manner. Commission management: The platform provides choice and flexibility to pay for research and execution, and the freedom to use the preferred strategy regardless of broker or commission structure. BofA Merrill is a leading global provider of equity, options and futures trading, and sales and research services to mutual funds, hedge funds, CTAs, broker-dealers, pensions, endowments and other institutions. The bank was recently ranked No. 1 for share of options and volatility commissions in the 2012 Greenwich Associates North American Equity Derivative Survey . It also ranked in the top three for U.S. Equity Trading Share and Electronic Penetration in the 2012 Greenwich Associates Survey . Additionally, BofA Merrill was named Best Equity Bank in North America in 2012 by Global Finance. Bank of America Bank of America 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 and risk management products and services. The company provides unmatched convenience in the United States , serving approximately 50 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 14 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange . “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation . Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation , including Bank of America, N.A ., member FDIC . Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States , Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. , both of which are registered as broker-dealers and members of FINRA and SIPC , and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed. © 2014 Bank of America Corporation Visit the Bank of America newsroom for more Bank of America news . www.bankofamerica.com Reporters May Contact: Kerrie McHugh , BofA Merrill, 1.646.855.3375 kerrie.mchugh@bankofamerica.com Source: Bank of America Merrill Lynch


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