Fidessa group plc, a provider of trading systems, market data and global connectivity, enhances BlueBox strategies package in Canada with three new execution algorithms.
The additions to BlueBox are Invisible, Price Improvement (PI) and Shadow. They complement Fidessas existing algorithms that include VWAP, TWAP, POV and Arrival.
The Invisible algorithm is an aggressive strategy designed to access all available liquidity within a trader’s pre-defined price and size requirements. The algorithm will seek out market opportunities and automatically sweep displayed markets when triggered, while remaining hidden during unfavorable market conditions.
PI and Shadow are both passive pegging algorithms that maximize execution rates at the most favorable market prices. The algorithms utilize complex randomization techniques to minimize exposure to popular gaming practices.
Each of the new algorithms is designed to help drive trading performance through greater automation and lower transaction costs while finding liquidity in Canadas increasingly fragmented market. They are fully integrated within Fidessas Canadian trading platform and available immediately.
Designed with high flexibility, BlueBox enables traders to track key performance indicators in real-time and step in to alter parameters on the fly, slow down or speed up trading, or pause or stop the algorithm to react to changing market conditions or to mitigate risk as well as use pre-, post- and intra-trade analytics to evaluate performance.
Canada is the fourth region to go live with Fidessas BlueBox algorithms following the US, Europe and Japan, says Martin Hakker, EVP Marketing, Fidessa. This is testament to the scalability and integration capabilities of Fidessas core architecture globally and the flexibility of the BlueBox framework that offers algorithmic developers a cost-effective, functionally rich, technical environment to efficiently develop, deploy and control proprietary algorithms.
L.D.