ConvergEx launches Abraxas algorithm

ConvergEx Group, a provider of investment technologies and execution services to institutional clients, has launched Abraxas, a new tactical trading algorithm designed for orders requiring careful execution. According to ConvergEx, Abraxas uses a proprietary Multi-Dimensional Sensitivity Profile to exploit hidden liquidity, favourable price movements and volatility changes, while navigating difficult markets. It is available to clients through all major OMSs, EMSs and through ConvergEx's

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