AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Infrastructure Initiative: Bank of America Merrill Lynch
To stay competitive in an environment of large-scale change, including mergers and acquisitions activity and enterprise-wide consolidation, Bank of America Merrill Lynch (BAML) set an aggressive double-digit growth target for its foreign exchange (FX) business. The organization set this target to respond to increasing volatility and reclaim strength in the FX market. Due to the huge volumes and extremely tight latency targets characteristic of FX, the firm’s IT team had to rapidly improve the
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