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  • Bank of America Corp. Merrill Lynch Expanding Services

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    Thursday Dec 9, 2010 at 08:46 am EST
     
    Bank of America Corp. (BAC) Merrill Lynch Expanding Services  
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    BofA Merrill Lynch expands their platform to include OMS/EMS vendor consulting. Order Management System (OMS) and Execution Management System (EMS) are Software and services focused on facilitating and managing the order execution of securities, typically through the FIX protocol, as well Institutional trading systems focused on managing internal order flow and/or routing orders to one or more parties. 

    This is a great move by Bank of America Corp. to take advantage of the business model resulted by combining Bank of America Corp. and Merrill Lynch. This is a much needed positive news after Yesterday's News of Bank of America being fined because of Bribery Case.

    Shares of Bank of America Corp. (NYSE:BAC) closed at $12 on Wednesday at just above resistance level of $11.92. Major support points below are at $11.63 and $11.18. Resistance levels above are  $12.46, $13.32, $13.66, $14.2.
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