Xinhua News reporter has learned from Merrill Lynch, in order to facilitate customers to enter the China A-share market, and adapt to overseas qfii real-time online trading habits, Bank of America and Merrill Lynch Group launched the first "direct market access" (DMA) trading platform. Customers from Bank of America and Merrill Lynch group may swap swaps for a shares through the DMA trading platform. The platform provides a speed advantage for traders, and purchase orders can be almost instantaneous. The deal can also be done anonymously. This is the first DMA trading system that extends to China's a-share market. Bank of America and Merrill Lynch have provided customers with DMA systems to buy and sell shares, covering Australia, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore and Taiwan, and have sales and trading departments in Sydney, Hong Kong, Tokyo and Mumbai to provide services to customers. The first two lines of trading on a DMA platform were conducted on the Shanghai Stock Exchange on May 14. This is the first ever DMA transaction in a a-share market. Bank of America and Merrill Lynch China a A-share DMA platform, through the company's QFII quota, the swap transaction, which also by the individual and the overall foreign investors, both sides hold the QFII quota level. (Guo)
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