BAML increases inflation market share

Despite the number of banks that have left the market, Bank of America Merrill Lynch has made the most of its lack of a legacy book, which has helped it enter into new business with gusto

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Bank of America Merrill Lynch (BAML) has maintained its commitment to inflation this year, not only with institutional deals in which it has delivered innovation, but also through the creation of two-way markets in inflation-linked products.

"Some of the bigger, more traditional names have pulled out to some extent, or at least weakened their benches," says David Slater, global head of inflation trading at BAML in London. "This has given one or two banks like us the opportunity to increase our

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