Through MLX, Merrill Lynch's institutional customers can buy new issues, execute secondary market transactions and access research and analytical tools and post-trade processing and financing services. Also on MLX, clients can access live markets in credit derivatives, including default swaps and CBOs, interest rate derivatives, OTC options and mortgage products, including CMOs. New products are added regularly. In addition, customers can undertake futures and options transactions, verify intra-day trade status, access clearance and settlement reporting across asset classes and access prime brokerage and financing services. A wide array of research and analysis is also available through the system.
Access is through a secure Web server.
Trading hours and minimum trade sizes vary among the product offerings.