ConvergEx Introduces Abraxas to European Market

New York-based buy- and sell-side technology provider ConvergEx Group has unveiled Abraxas, a trading algorithm that uses a number of technologies to source liquidity in both displayed and dark venues, in the European marketplace.

According to ConvergEx, users will now be better able to exploit hidden liquidity, favorable price movements and volatility changes, while simultaneously accessing nearly two dozen of the most liquid European primary exchanges, multilateral trading facilities (MTFs), a