ConvergEx has made enhancements to its execution capabilities in the Asia-Pacific markets.
In order to keep customers connected to new liquidity centers as they become available, ConvergEx's Darkest, Grey and Abraxas algorithms now route to four new dark and two new lit venues in Hong Kong, Australia and Japan. In addition, the company has given its customers access to new algorithmic trading strategies in Malaysia, Indonesia and Korea, including reserve, scaling and pegging.
"Market volumes in Asia have declined significantly over the past few years," says William Capuzzi, president of ConvergEx's global execution business. "Complicating the picture, despite the growth in alternative trading systems, the majority of dark Asian liquidity does not interact with one other. This means that traders face the challenge of finding liquidity across numerous locations, while minimizing the number of tools they have to deploy for cost and efficiency purposes. As the Asia-Pacific trading landscape continues its evolution, we will continue to adapt technologies and methodologies to maximize opportunities in these fragmented markets."
These enhancements address the complexities of big spreads, high volatility and low volume and is key to delivering consistent execution performance, especially for stocks that are illiquid or do not follow regular VWAP curves.
More from Buy Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
03 Nov 2014
18 Nov 2014
04 Dec 2014
03 Nov 2014
17 Nov 2014
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....