SunGard Extends FoxRiver Algo Suite to Japanese Equities
SunGard claims Fox River's advanced technology helps reduce overall latency in reaching external venues, enabling traders from outside Japan to improve fill rates and execution prices.
According to SunGard, Fox River's algo suite, from smart order routing to intelligent liquidity trading, including passive and aggressive types, imitates the behavior, logic and knowledge of a human trader and differs from traditional algorithms by focusing on picking the right price and time to trade under current market conditions rather than benchmarks.
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