UNX Adds Knight Algos

Trading platform and connectivity provider UNX has added the electronic trading services and equity trading algorithms from Knight Capital’s Knight Direct trading system to its UNX Catalyst execution management system (EMS) and trading portal. The Knight tools UNX added include its suite of algorithmic trading and smart-order routing strategies, including volume-weighted average pricing (VWAP), participation algorithms and liquidity-seeking algorithms such as FAN, Oasis

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