Bank of America Securities Teams With LatentZero To Deliver Algorithmic Trading Platform

New York, 9th September 2004 - Bank of America Securities' (BAS) today announced an agreement with LatentZero wherein clients of Minerva, LatentZero's order management and trading system, will be able to access BAS' Electronic Trading Services (™) (ETS) trading technology seamlessly and directly.

The agreement with LatentZero, a leading provider of buy-side front office technology for the global asset management industry, is another component of BAS' Electronic Trading Alliance. The Alliance is a framework in which BAS collaborates with leading technology vendors and trading venues to provide seamless solutions for institutional traders.

LatentZero's Minerva, part of the Capstone suite of front office solutions, provides asset managers the ability to route orders through BAS' electronic trading system and provides LatentZero's clients with the superior direct access and algorithmic trading services offered by Bank of America Securities. In addition to these enhancements, Minerva continues to offer 24/7 cross-asset order management and trading capabilities and the ability to integrate real-time market data.

"Bank of America Securities is committed to integrating leading edge technology and providing the software needed by the "new" style of today's buy-side trader," said Rob Flatley, managing director, Electronic Trading Services at Bank of America Securities. "The key to working with LatentZero is that they had the foresight to de-couple algorithms from their core trading engine, affording them exceptional flexibility. As a result, LatentZero's clients can immediately benefit from algorithmic trading through the BAS platform."

"We understand that with increased client and regulatory scrutiny as well as highly competitive brokerage relationships, the buy-side trader is under mounting pressure to make the right execution decision for each individual trade," explains Dan Watkins, managing director of LatentZero. "Long gone are the days when an order was simply passed on to a sell-side trader for execution. We are fully committed to the further development of our products to meet the future needs of the global asset management industry. And we believe that the combination of BAS' algorithmic trading platform and Minerva 3.5.1 gives clients a flexible solution for the constantly changing environment in which they work."

About Bank of America

Bank of America Corporation (NYSE: BAC - News) is one of the world's leading financial services companies. The company's Global Corporate and Investment Banking group (GCIB) provides investment banking, equity and debt capital raising, research, trading, risk management, treasury management and financial advisory services. Through offices in 35 countries, GCIB serves domestic and international corporations, institutional investors, financial institutions and government entities. Many of the company's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Bank of America Securities Limited. For additional information, visit http://www.bankofamerica.com.

About LatentZero

Founded in 1999, LatentZero is a global technology firm specializing in front office solutions for the buy-side community. LatentZero's products are used by five of the world's top 10 Asset Management companies with over 2,500 users managing over $4.3 trillion in assets. LatentZero provides expert assistance with product implementation, technical integration, business and workflow review, consulting and training for its Capstone product suite. For additional information, visit http://www.latentzero.com.