Dash Launches Dark Liquidity Aggregation Algo
- Use a data-driven approach to customize routing selection by liquidity, block execution, price reversion/stability or any custom measurement;Benefit from “Block React,” a workflow solution enabling reaction to block execution with immediate and dynamic re-allocation functionality;
- Add “Alpha Seek,” a performance-enhancing workflow that dynamically changes the venue selections available to take advantage when a symbol is outperforming versus the arrival price;
- Define minimum fill size on a per-order and venue-by-venue basis, as well as set a minimum “first fill” to ensure a minimum-size dark print at the outset of the order;
- Have price flexibility by sourcing liquidity anywhere within the NBBO, including the midpoint or “far touch” (i.e., the offer when buying or the bid when selling).
Strategy looks to increase the targeted participation rate when the stock moves favorably.
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Invesco seeks a differentiated view in a data-rich world.
Market veteran discusses algorithms and their applications.