BAS Debuts Electronic Block Trading
CONNECTIVITY
NEW YORK—Banc of America Securities (BAS) is getting ready to launch a block execution service for orders of up to $20 million—its first major outreach to the buy side from its nascent Electronic Trading Services (ETS) group.
ETS, which serves institutional investors with algorithmic agency and principal trading in equities and equity options, will launch Premier Block Trading (PBT) in a week.
This "low-touch," Web browser-based online channel will offer the same execution services as those
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