ConvergEx Group has improved its global liquidity-seeking algorithm. Darkest will now help users simultaneously access majority of dark liquidity spread across Europe and Asia with a single order. Its proprietary methodology will let users swiftly source most of Europe and Asia’s dark liquidity with least information leakage.
The multi-dimensional sensitivity profile will continuously observe all dark venues accessed to determine how aggressively to expose orders and automatically rebalance between venues on the basis of execution quality. The algorithm will provide transparency as to where orders are implemented with real-time notifications and end-of-day reports.
Click here for the release from PR Newswire.