GETCO has unveiled an execution algorithm for U.S. equities, which focuses on optimizing micro-executions to create macro-results. GETAlpha seeks to allow buyside firms to mimic the order execution behaviors of a dedicated market maker, which minimizes order detection and information leakage, adds Financial Times.
GETAlpha will offer high-tech trading tools to investors. The trades will be sent both to exchanges and to dark pools, including the company’s Getco Execution Services pool.
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