Swedish agency broker Neonet has added a new liquidity-seeking algorithm to its suite of products.
The Capture algoritm is designed to be liquidity seeking, leveraging numerous underlying algorithmic models across dark and lit markets to complete orders.
The algo offers dynamic control to end users, enabling them to determine the urgency of each order and find liquidity in a variety of scenarios.
Tim Wildenberg, CEO of Neonet, said: “‘Capture’ combines the lessons we have learnt enhancing the execution quality in our algorithmic suite with the technology from our industry leading smart order router to distribute passive and aggressive orders in an optimal way across our wide range of trading venues.”