Independent firm profile
Bank of America (Global Markets)
Top-tier global markets and sales-and-trading franchise.
- Headquarters
- New York, USA
- Founded
- 1904
- Funding model
- Bank / Institutional
- Region served
- North America
Community rating
Loading…
Overview
What this firm is and who it serves
Bank of America's Global Markets division (formerly BofA Merrill Lynch) is one of the largest sales-and-trading franchises in the world. It runs principal risk in equities, FICC, and derivatives under Volcker Rule constraints.
"Deliver leading markets services to institutional clients globally."
At a glance
Structured facts about this firm
- Firm Type
- Bank / Institutional prop firm
- Market Focus
- Stocks, Forex
- Trading Style
- Bank or Institutional Prop Desk
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders
- Geography
- New York, USA · North America
- Known For
- Top-tier dealer
- CEO
- Brian Moynihan
- Team size
- 200,000+ group-wide
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Not applicable.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Major dealer
- +Career structure
Trade-offs
- −Bank-employee comp
- −Heavily regulated
Frequently asked questions
Common questions about Bank of America (Global Markets)
Is Bank of America (Global Markets) a legitimate prop firm?+
Bank of America (Global Markets) was founded in 1904 and is headquartered in New York, USA. Top-tier global markets and sales-and-trading franchise.
Does Bank of America (Global Markets) require an evaluation?+
No. Bank of America (Global Markets) offers funded accounts without a traditional evaluation phase.
What is the profit split at Bank of America (Global Markets)?+
Bank of America (Global Markets)'s published profit split is: Discretionary bonus.
How often does Bank of America (Global Markets) pay out?+
Bank of America (Global Markets) processes payouts on a annual basis.
What platforms does Bank of America (Global Markets) support?+
Bank of America (Global Markets) supports the following trading platforms: Internal.
What trading restrictions does Bank of America (Global Markets) enforce?+
At Bank of America (Global Markets), news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.