Agency broker ITG is adopting a new approach to dark pool trading with a new algorithm that will seek to find the best liquidity options across all pools rather than excluding ones that are widely considered “toxic”.
Tighter rules on the development of execution algorithms in the US could put further cost pressure on the sell-side without improving market stability, experts warn.
US broker ConvergEx has launched a new order routing strategy to specifically target orders at new alternative trading system IEX.
US-based broker ConvergEx has upgrades its algorithms to be able to deploy strategies during opening and closing auctions.
The results of August's TRADE Poll will come as little surprise to readers. Asked which work of financial literature they would be reading on the beach this summer, participants placed Michael Lewis’ ‘Flash Boys’ well ahead of the alternatives at 63.77%.
Whisper it quietly, but MillenniumIT, the technology services division of the London Stock Exchange Group, is throwing open the doors to its library of alert algorithms.
The Financial Industry Regulatory Authority's latest US dark pool data reveal the market impact of recent official investigations, with Barclays' alternative trading systems losing more than two thirds of their trading volumes.
Neonet, an independent agency broker and execution specialist, has extended its interface’s capabilities to include compatibility with Visual Trader, a Spanish trading platform owned by Bolsas Y Mercados Espanoles.
As part of its recent push into transaction cost benchmarking, agency brokerage ITG has launched a new index for the FX spot market.