|
|
|
Aimed at accessing opening auction liquidity while maintaining price stability.
ITG has announced the release of its new Dynamic Open algorithm.
The algorithm allows traders to employ intelligent trading strategies in the NYSE and NASDAQ opening auctions, while minimizing potential price impact from over-participation. It uses processes specific to each market by employing information from the real-time imbalance feeds.
"The uncertainties and complexity of the opening auctions have made some traders reluctant to use the open," says Jeff Bacidore, managing director and head of algorithmic trading at ITG. "ITG Dynamic Open Algorithm provides a powerful tool to tap the liquidity available in the auctions, reducing tracking errors and minimizing implementation shortfall."
The Dynamic Open algorithm, and ITG's other algorithmic offerings, are available through its Triton execution management system and via FIX connection from third-party systems.
More from Buy Side Technology
Related Articles
Latest Media
Events
Updating your subscription status 
Gain access for your entire organisation
Voting now open -- WATERS RANKINGS 2013
Our 11th annual survey is now open and you get the chance to choose your best solutions and technology providers. Waters Rankings 2013 features 26 hotly contested awards - so have your say.
Events
Training
Email Alerts
Latest Whitepapers
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...
With the launch of a new legal entity identifier (LEI) looming, the financial services industry needs to get ready to ensure efficient and timely implementation...
Visitor comments Add your comment