BoA Launches Trading Algorithm

July 9, 2007 ( - Bank of America (BoA) is now offering Fusor, a liquidity aggregating algorithm designed to locate and amass available shares from an array of market centers.

A press release said the market centers include stock exchanges, crossing networks, electronic communications networks (ECNs), and dark pools.

Unlike smart order routers, which evaluate market destinations individually, the Fusor algorithm maintains a simultaneous record of trading patterns across multiple liquidity venues and uses this data to predict total available liquidity before and during a trade, the bank said in the statement.

“We believe Fusor will help our clients improve execution quality and better manage their workflow,” said Jason Crosby, head of Global Markets Electronic Trading Services Sales, in the news release. “By giving a big picture of available liquidity, the Fusor algorithm will facilitate more informed trading decisions and allow traders to concentrate more on strategy, as opposed to venue.”