Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

11:42 AM
Connect Directly

New ITG Algo Takes Aim at Customization, Liquidity Sourcing

The broker says its latest algorithm will help the buy side take a more strategic approach to sourcing liquidity.

Execution and research broker ITG announced the rollout of the ITG Flex Algorithm, which it says enables buy-side traders to customize their strategies and source liquidity more effectively.

As market conditions change, ITG says its flex algorithm can employ the strategies of multiple ITG algorithms while working a single order. In addition, the firm says its latest algo offers simple workflow automation, order management with benchmark price sensitivity, and settings for flexible participation and opportunistic liquidity capture.

"ITG Flex Algorithm offers the simplicity of a single dynamic algorithm combined with powerful customization options," said Jeff Bacidore, ITG's head of algorithmic trading. He added that the algo is an essential tool for buy-side traders who are looking to use an "adaptive, strategic approach to sourcing liquidity." As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.