ITG Releases Portfolio Trading Algo for Dark Pools

ITG Dark List offers portfolio traders the opportunity to trade in dark pools.

ITG, which is based in New York, has released a new algorithm specifically for portfolio trading.

Broker and research provider ITG has launched ITG Dark List Algorithm, a new algorithm for portfolio traders looking to play in dark liquidity pools.

Dark List is available on 18 order management systems and execution management systems platforms or through ITG's Portfolio Trading Desk in the US and will be available in Europe in the second half of 2015. Traders can use Dark list as their primary trading tool or as a complement to risk bids or non-discretionary algorithms.

"Portfolio traders are hesitant to leverage the cost-saving potential of dark pools at scale because of concerns about unpredictable execution rates that can create cash imbalances or increase the risk of residuals," says Ben Polidore, head of ITG algorithms. "ITG Dark List is designed to address these issues with its unique approach to statistical cash management and its distinct optimization objectives."

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: