Investment Technology Group (ITG), an agency research broker and financial technology firm, has launched algorithms for Mexican equities, including the proprietary active algorithm, which has been customized for the structure and spread profile of the Mexican market.
The algorithms are available via ITG's execution management system, Triton, as well as other trading platforms and via the FIX protocol.
Jeff Bacidore, managing director and head of algorithms at ITG, says regulatory and technological changes are accelerating the move toward electronic trading in Mexico.
The tailored algorithms, designed to reduce market impact, maximize execution quality and improve trading performance, provide a new tool for institutional asset managers seeking to access that market, says Bacidore.
The Mexican algorithms complement ITG's growing Latin American trading capabilities.
ITG offers a suite of algorithms for Brazilian equities, including active, flexible participation, volume participation and the recently added peg & pounce algorithm, which allows traders to take liquidity opportunistically when the size is available and supply liquidity passively when liquidity is not available.
With the addition of Mexico, ITG now offers its algorithms in 35 markets across the Americas, Asia Pacific and the EMEA region.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails