Bloomberg Tradebook reveals futures, FX algo

Agency brokerage Bloomberg Tradebook has released a new tactical trading algorithm that enables traders to ladder, scale into or exit futures and FX trading strategies.
By None

Agency brokerage Bloomberg Tradebook has released a new tactical trading algorithm that enables traders to ladder, scale into or exit futures and FX trading strategies.

The Reserve-Scaleback algorithm helps traders to automatically buy on stock price weakness or sell into strength. According to Bloomberg Tradebook, its latest algorithm allows traders to seek a superior overall weighted price average on their execution strategies.

A laddering strategy enables market participants to buy on fixed pullback increments, while scaling allows more flexibility by adding a peg to the algorithm, so that traders can set flexible relative prices as well as maximum prices.

«