Algorithmic Trade Monitor (ATMonitor), an online source of information and data on execution algorithms for buy-side traders, has doubled its membership since its official launch in February 2010.
The portal now has 200 members, up from 100 just after launch. ATMonitor expects its membership to continue growing and hopes to hit the 300 member mark during April.
ATMonitor is designed to offer accredited buy-side traders with information on electronic trading providers, profiles of the providers, and proprietary data and analysis. One of the site’s offerings, Algo Select, allows users to screen different algo providers to determine which complement or clash with their trading styles.
The portal also provides member-only online forums and directories of algo providers and multilateral trading facilities.
“We are delighted with the initial reaction from buy-side traders around the world,” said David Hughes, a director and founder of ATMonitor, in a statement. “The buy-side community recognises the need for impartial information and unbiased opinions on electronic trading services and we are happy that ATMonitor can facilitate that need.”