A trading algorithm (algorithmic trading tool) that is used to increase liquidity access through all types of available venues while limiting the amount of information disseminated to the market in order to minimize market impact. To that end, it seeks access to visible quotes and search for non-displayed liquidity (hidden liquidity) on various venues, electronic crossing networks (ECNs), and in dark pools.

As it involves active liquidity aggregation, users can define the precise rate (by placing a cap level, beyond which it cannot increase) and select desired venues.