22 June 2017
download the report now

ITG launches Smart Limit algorithm

26 February 2014  |  1424 views  |  0 Source: ITG

ITG (ITG), a leading execution and research broker, today announced the launch of ITG Smart Limit Algorithm, an innovative tool which helps institutional investors meet the challenge of trading passively in a highly competitive, fragmented market.

ITG Smart Limit Algorithm, or "SLimit", is built on ITG's next-generation, low-latency trading infrastructure, providing powerful high-frequency trading technology to institutional investors. ITG Smart Limit Algorithm employs sophisticated logic to determine optimal order pricing, sizing and routing in order to balance spread capture opportunities and adverse selection risk.

"ITG Smart Limit Algorithm enables institutional traders to compete effectively with high frequency traders when supplying liquidity since it uses similar trading technology and techniques," said Jeff Bacidore, Head of Algorithmic Trading at ITG. "Clients can use SLimit directly when working orders manually or indirectly when using an existing ITG algorithm."

ITG Smart Limit Algorithm and all of ITG's algorithms are available via ITG's award-winning Triton(R) execution management system and also via FIX connection to ITG from third-party trading systems. ITG Smart Limit Algorithm can also be employed on behalf of clients by ITG's high-touch portfolio trading desk. Traders can use the web-based ITG Algorithms(R) Prism tool to gain up-to-the-second visibility into the activity of each ITG algorithm, such as the predicted and realized schedules, fill details, and even the location, type and price of every open child order.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the report nowvisit www.response.ncr.comvisit www.events.sap.com

Top topics

Most viewed Most shared
Santander's Openbank relaunched as 100% digital bankSantander's Openbank relaunched as 100% di...
15841 views comments | 48 tweets | 61 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8358 views comments | 17 tweets | 26 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
7845 views comments | 4 tweets | 5 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7343 views comments | 8 tweets | 25 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7247 views comments | 3 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job