{"id":16907,"date":"2010-07-27T07:46:47","date_gmt":"2010-07-27T11:46:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16907"},"modified":"2010-07-27T07:46:47","modified_gmt":"2010-07-27T11:46:47","slug":"bank-of-america-gives-mutual-funds-brokers-algorithm-for-etfs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2010\/bank-of-america-gives-mutual-funds-brokers-algorithm-for-etfs.html","title":{"rendered":"Bank of America Gives Mutual Funds, Brokers Algorithm for ETFs"},"content":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp., the largest U.S. lender by  assets, is offering clients an electronic trading strategy that can  automatically create shares of exchange-traded funds by buying and  selling stocks and hedging with futures.<\/p>\n<p>The Charlotte, North Carolina-based bank  estimates that more than a third of its electronic clients will adopt  the algorithm, which seeks liquidity in ETF shares and related  securities at the best price, said Charlie Whitlock, a director in the  bank\u2019s execution services team. The ETF-aX product is aimed at mutual  and hedge fund managers and broker-dealers.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-07-27\/bank-of-america-gives-mutual-funds-brokers-algorithm-for-etfs.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bank of America Corp., the largest U.S. lender by assets, is offering clients an electronic trading strategy that can automatically create shares of exchange-traded funds by buying and selling stocks and hedging with futures. The Charlotte, North Carolina-based [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16907","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16907"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16907\/revisions"}],"predecessor-version":[{"id":16908,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16907\/revisions\/16908"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}