Global Algorithmic Suite

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Global Algorithmic Suite

Liquidity Solutions
DarkSEEK
Accesses non-displayed liquidity only based on urgency (below) and market conditions. Urgency parameter will control overall market impact. 
SEEK
Accesses displayed and non-displayed liquidity based on urgency (below) and market conditions. Urgency parameter will control overall market impact. 
BLITZ
Sends IOC's to all non displayed markets, while sweeping the displayed markets up to the limit price. Safeguards exist for orders without limit prices. 
Patience 
Works in phases to source liquidity actively, passively, or selectively based on current state of the order and the nature of the security. Designed for hard to trade names with wide spreads. Will access both - displayed and non-displayed markets. 
Next Generation
Jumbo
Picks the most optimal algo based on a multitude of factors like order size, current POV, relative returns vs peer group/industry/sector, and time of day and then adapts the execution path accordingly.
Listed Based
Portfolio
Picks the most optimal algo based on a multitude of factors like order size, current POV, relative returns vs peer group/industry/sector, and time of day and then adapts the execution path accordingly.
Pairs
Four styles are offered: (1) Ratio, (2) Net Returns, (3) Risk Arb (set up, unwind, or reverse a deal), and (4) Inline. The two stocks are traded in accordance with the trader inputs.
Auction
Opener
Trade an order, or portion of the order, in the Opening Auction and cancel or work any leaves per trader specified algo and limit.
Finale
Utilizes a combination of technical indicators to obtain an average price as close to the Closing price as possible.
Touchdown
Maximize access to all sources of liquidity with minimal impact during the final minutes of trading and on the auction.
Workflow Solutions
Trader
Traders can switch between strategies with the click of a button. They can also trade along with a working algorithm by directing it to hit bids/offers, check dark pools or pause/resume it at various times during the execution.
Multiscale
Tiered strategy which allows the trader to work an order using a combination of up to three algorithms – at various (absolute or relative) price levels.
Additional Fully Customizable Strategies
VWAP
Trade along the stock's expected volume curve over a specified timeframe.
TWAP
Trade Uniformly over a Specific Time Period.
VolPart
Trade as a specified percentage of the volume.
Strike
Trade at an Optimum Rate to Minimize Slippage at Arrival Price.
Post
Trade on Passive Side of the Spread

 

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