Investment Technology Group, the technology based trading and research services company, is to add the Active algorithm to the ITG Algorithms suite of trading tools in Europe.
ITG’s Active algorithm, part of a sophisticated suite of trading strategies, analyses market conditions and depth-of-order books to make its trading decisions. The algorithm’s flexible approach capitalises on trading opportunities to outperform the arrival mid-price. To accomplish this, it provides liquidity to capture the spread, while releasing carefully timed opportunistic orders to ensure trading completes as anticipated. Its sophisticated anti-gaming logic helps to protect orders against predatory practices, information leakage and adverse price movements.
“Managing multiple orders in an increasingly complex marketplace is a challenge to institutional traders and ITG is committed to adding features and functionality to its algorithmic trading tools. Using feedback from several leading buy-side institutions, ITG has developed Active which accesses POSIT, ITG’s dark liquidity pool, to search for non-displayed liquidity. We are confident Active will be well received at a time when demand for Best Execution requires a more flexible and accurate approach to trading stocks, particularly in volatile markets,” says Rob Boardman, head of algorithmic trading, ITG in Europe.