Merrill Lynch and Tora Unveil New Platform
Bank of America Merrill Lynch and Tora Holdings have announced that they will partner for Thunder, a co-branded trading platform.
The broker-neutral software will become Merrill Lynch's preferred execution management system for its buy-side clients in Asia. It integrates Tora's technology with Merrill Lynch's prime brokerage and trading systems, creating a front-to-back office solution. Thunder will also provide clients with access to the investment bank's full suite of trading software, including its algorithmic suite and TCA reporting functionality, among other areas.
"Tora is dedicated to offering a superior multi-broker platform which addresses the unique challenges of the buy side in Asia," says Robert Dykes, CEO at Tora. "We are pleased to be working with Bank of America Merrill Lynch to create distribution opportunities for their execution and prime brokerage businesses as well as enhancing the trader's experience by providing a fully integrated trading solution. The partnership is testament to Tora's ability to deliver industry leading technology and trading solutions to clients in the brokerage industry."
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