BoA-Merrill Lynch adds A-shares to DMA platform

The US bank provides direct market access to China A-shares for clients via its QFII account.

Slowly, quietly, with little fanfare or braggadocio, changes are taking place in the way foreign traders execute their orders in China's A-share market. At least, so the service recently introduced by Bank of America-Merrill Lynch would imply. And that's despite the fact that the bank does not yet possess a Chinese broking licence.

About a month ago, on May 14, the first trade was transacted on the Shanghai stock exchange using the US bank's direct market access DMA platform. It...

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