NEW YORK (HedgeWorld.com)–In a continuing effort to expand the adoption of its trading services technology, Banc of America Securities has forged an agreement with Charles River Development, Burlington, Mass.
The initiative gives Charles River Investment Management System clients access to Banc of America Securities’ Electronic Trading Services trading platform. The deal is part of the bank’s Trading Alliance network, which collaborates with technology vendors to provide trading software for institutional traders, including hedge funds.
It’s the third such partnership for Banc of America in recent weeks (see).