Our Algorithmic Execution Services
We offer electronic access to a number of equity markets and MTFs via algorithmic trading and smart order routing. A range of strategies is available allowing clients to choose their trading preference while minimizing market impact.
We believe in simplicity. The algorithms we offer are easy to use and easy to understand. We also believe in flexibility. While several conditions are automatically determined, clients can specify numerous parameters to suit their liquidity and risk requirements.
There are a variety of strategies available to meet clients’ objectives. These range from volume/price driven, passive/aggressive to implementation shortfall.
Below is an excerpt of the most commonly used strategies:
VWAP – aims to target the Volume Weighted Price over a defined period of time
+ Passive strategy, minimizes impact, utilizes expected volume
- Does not react to price or volume irregularities
TWAP – slices the order evenly over a defined period of time
+ Independent of volume
- Not suitable for large orders or illiquid securities, may impact market
Percentage of Volume – aims to target a specified percentage of traded volume
+ Client defines participation level, in line with market volumes and VWAP benchmark
- Risk of chasing prices
MOC – aims to target the closing price
+ May reduce impact by starting before the auction
- May impact auction price
Liquidity – intelligently seeks the best prices and liquidity across venues
+ Maximizes liquidity, minimal leakage, quick execution
- May cause price impact
Further advanced tactics are also available. If you would like to find out more about our algorithmic execution offer please contact us. Our team is happy to help you find the most suitable strategy for your execution needs.
For more information please contact us.