ITG Releases List-Based Algo to Europe

The algorithm targets portfolio and quantitative traders looking to minimize implementation shortfall-the difference between the price of the stock at the time the decision to trade was made and its price at the time the trade was executed. Dynamic IS trades in both displayed and non-displayed venues and allows traders to control, in real time, risk exposure, cash balance and speed of execution, according to ITG officials.

Orders entered by traders are identified as a group and treated as a

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