05:26 PM
Miletus and Charles River IMS Make Nice
Cory Levine, Wall Street & Technology
Boutique agency brokerage Miletus Trading, has integrated its algorithms, known as Strategy Engines and its Trade Impact Estimator into the Charles River Development Investment Management System (IMS). The move will allow Miletus to offer the buy side its algorithms through one of the industry's most visible front-end platforms.
"Traders can now access Miletus pre-trade analytics and algorithmic trading strategies directly from the Charles River blotter," explained Stephen Engdahl, director of product management for Charles River Development. "This relationship with Miletus expands the number of trading strategies, execution venues and supporting tools which Charles River brings together, enabling traders to effectively make decisions and implement trades."