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Alternative Trading System

An electronic trading system that uses sophisticated algorithms to transmit orders in real time and optimally and automatically match buyers...

Implementation Shortfall Algorithm

A trading algo (algorithm) that is used by electronic traders to reduce implementation shortfall (IS)- i.e., the market impact of...

Best Algo

An algo (algorithm) that seeks out the best available price (execution price) for a security on any exchange or electronic...

Shotgunning

The process of using an aggregator or algo (algorithm) to scan the marketplace for liquidity. The aggregator or algo will...

Best Algorithm

An algorithm that seeks out the best available price (execution price) for a security on any exchange or electronic limit...

Best

An algorithm that seeks out the best available price (execution price) for a security on any exchange or electronic limit...

Dark Algorithm

A trading algorithm that searches for dark liquidity (non-displayed liquidity) in available dark pools through a given liquidity network. It...

VWAP Algorithm

It stands for volume-weighted average price algo; an algo (algorithm) that allows users of electronic trading to participate in proportion...

Hijacker

An algo (algorithm) that searches for stocks with relatively limited volume and a thin order book that nevertheless can create...

Basket Algorithm

A trading algorithm that is used by electronic traders to execute orders on a basket of securities simultaneously (i.e., optimized...