ITGâs Active algorithm, part of a sophisticated suite of trading strategies, analyses market conditions and depth-of-order books to make its trading decisions. The algorithmâs flexible approach capitalises on trading opportunities to outperform the arrival mid-price. To accomplish this, it provides liquidity to capture the spread, while releasing carefully timed opportunistic orders to ensure trading completes as anticipated. Its sophisticated anti-gaming logic helps to protect orders against predatory practices, information leakage and adverse price movements.
Commenting, Rob Boardman, Head of Algorithmic Trading for ITG in Europe, said: "Managing multiple orders in an increasingly complex marketplace is a challenge to institutional traders and ITG is committed to adding features and functionality to its algorithmic trading tools. Using feedback from several leading buy-side institutions, ITG has developed Active which accesses POSITÂ®, ITGâs dark liquidity pool, to search for non-displayed liquidity. We are confident Active will be well received at a time when demand for Best Execution requires a more flexible and accurate approach to trading stocks, particularly in volatile markets.â