Liquidnet releases new liquidity-seeking algorithm
12 November 2024 US
Image: stock.adobe.com/hakinmhan
Liquidnet has released SmartDark, an algorithm for its equities platform,
SmartDark is designed to enhance how institutional traders can execute their trades through prioritised routing with larger executions and better price stability.
The technology-driven agency execution specialist says that, “SmartDark incorporates a variety of yield and quality metrics to give traders an optimal blend of targeted liquidity-seeking strategy and maximum liquidity exposure.”
Alan Polo, head of Sales and Trading for the Americas, comments: “Although many algorithms in the market boast exceptional performance, the reality is that an algorithm's effectiveness depends entirely on the quality of the liquidity it can reach. SmartDark is a great illustration of our ability to develop innovative solutions for the buy side that help traders access liquidity.”
Scott Kartinen, head of global algo products, adds: “As one of the few unconflicted, agency-only brokers with expertise in lit, dark, and block markets, we are in a unique position to craft execution strategies that effectively navigate complex markets and secure the liquidity buy side traders need.”
SmartDark is available in the US.
SmartDark is designed to enhance how institutional traders can execute their trades through prioritised routing with larger executions and better price stability.
The technology-driven agency execution specialist says that, “SmartDark incorporates a variety of yield and quality metrics to give traders an optimal blend of targeted liquidity-seeking strategy and maximum liquidity exposure.”
Alan Polo, head of Sales and Trading for the Americas, comments: “Although many algorithms in the market boast exceptional performance, the reality is that an algorithm's effectiveness depends entirely on the quality of the liquidity it can reach. SmartDark is a great illustration of our ability to develop innovative solutions for the buy side that help traders access liquidity.”
Scott Kartinen, head of global algo products, adds: “As one of the few unconflicted, agency-only brokers with expertise in lit, dark, and block markets, we are in a unique position to craft execution strategies that effectively navigate complex markets and secure the liquidity buy side traders need.”
SmartDark is available in the US.
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