ITG Single-Stock Algorithms

  • Active—Arrival price algorithm that attempts to beat the arrival price by adapting to market conditions and capturing attractive liquidity in dark and displayed markets
  • Flexible Participation—Is highly customizable; trades proportionally to equity market volume, varying execution velocity based on performance relative to an index or benchmark price level.
  • Volume Participation—Participates at a percentage of printed volume.
  • Time Weighted Average Price (TWAP)—Works orders over the specified time horizon, spreading trades along a linear volume distribution.
  • Volume Weighted Average Price (VWAP)—Works orders over specified time horizon, spreading trades along historical volume distribution.
  • Best Market Server—Automatically finds the best price in North America for orders in Canadian-U.S. inter-listed securities.
  • Foreign Exchange (FX) Server—Works seamlessly and eliminates the inefficiencies in FX-conversion: provides U.S. dollar trading of Canadian securities and Canadian dollar trading of U.S. securities.
  • Close—Works orders into the close, attempting to beat the closing price.
  • Float—Floats a small piece of the order at or near the bid/offer, blends into the book
  • Raider—A stealthy opportunistic algorithm which looks to rapidly capture trading opportunities in dark and the open market; does not display.
  • Hedge Pro—Specialized, flexible trading tool that provides execution of equity pairs strategies in US and Canadian markets.