The process of using an aggregator or algo (algorithm) to scan the marketplace for liquidity. The aggregator or algo will send in multiple immediate-or-cancel (IOC) orders into a large number of dark pools to locate potential venues of liquidity.
The process of using an aggregator or algo (algorithm) to scan the marketplace for liquidity. The aggregator or algo will send in multiple immediate-or-cancel (IOC) orders into a large number of dark pools to locate potential venues of liquidity.
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