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Pegging Algorithm

A trading algorithm that pegs its "floating" execution price to the movements of a reference price. It enables traders to...

Whisper

A trading algorithm (algo)- specifically, a pegging algorithm- that can passively capture price spread by having access to a venue's...

Price Capture

A trading algorithm that capitalizes on minimization of implementation shortfall (IS). To that end, it balances the trade-off between market...

I Would

A parameter that is used and applied to orders and algorithms (trading algorithm) that defines a user's state of action...

News Flow Algo

A trading algorithm (algo) that uses news feeds in order to mine the text for trading opportunities and threats. To...

MOC Algorithm

A trading algorithm that targets the closing price, and hence the name “market-on-close (MOC) algorithm”. This algorithm allows electronic traders...

Market-On-Close Algo

A trading algorithm (algo) that targets the closing price, and hence the name “market-on-close (MOC) algo”. This algorithm allows electronic...

Participation Algo

A trading algo (algorithm) that is used by electronic traders to execute orders at a constant participation rate in sync...

Implementation Shortfall Algo

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

Volume Participation Algo

A trading algo that is used by electronic traders to target a specific order execution volume in line with the...