Source: Deutsche Bank
Deutsche Bank's Autobahn® Equity business, within its Global Markets division, announced today the global availability of an algorithm based on Deutsche Bank's proprietary "Stealth" strategy, which silently executes difficult orders in over 30 markets around the world.
The Stealth strategy is liquidity-seeking, and is designed to minimize the traders' market impact by trading only as opportunities arise and minimizing information leakage. The Stealth algorithm was designed for rapidly changing markets characterized by wider spreads, faster quoting, and smaller top of book liquidity coupled with the enormous growth in off-exchange liquidity.
"Extreme volatility has made trade implementation more difficult, especially for less liquid names," said Rob Flatley, Managing Director and Global Head of Autobahn Equity at Deutsche Bank. "Stealth's ability to silently work orders in tune with the micro structure of each market it trades, without changing the shape of the order book, makes it a useful tool in all 30 markets in which it is used."
All Deutsche Bank's algorithms, including Stealth, are fully integrated with Deutsche Bank's ultra-fast smart order router, which adapts the execution of trades to all available dark and displayed venues.