| Is your company a: |
Agency brokerage
Broker-dealer
Independent technology company
Other
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How many/which dark pools or nondisplayed liquidity venues does the algorithm hit?
(Please name) |
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| Does the algorithm offer the ability to set parameters, such as price limit, max % volume, time frame, degree of aggressiveness? If yes, what parameters can be set? |
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Does the algorithm "spray" a variety of pools with small orders and then direct the size where it has success in sourcing liquidity?
OR, does the algorithm "ping" a pool with small size orders and then either increase size if liquidity is found, or move along to the next pool if no success? |
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| Is the algorithm dark-only, or does it route mainstream if not finding liquidity in the dark? |
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| Does the algorithm enable users to split orders into a part dark-book algorithm, and allow the user to manually put some into a crossing network that bans broker algorithms? |
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| Does the algorithm preference routing locations? If so, what are the options for preferencing? |
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| What is the average match rate for the algorithm? |
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Approx. category breakdown of clients using these algorithms
(percentage)
-Hedge funds
-Mutual Funds
-Proprietary Traders
-Broker-Dealers on behalf of buy side clients |
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Clients
(please provide a list of some clients) |
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| Which OMSs and/or EMSs provide the algorithm as a routing option? |
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| Is the algorithm available internationally? If so, which countries? |
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| Is the algorithm customizable? |
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| Does the algorithm distinguish between liquid and Illiquid stocks? |
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| Plans for additional enhancements or new dark algorithms? |
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| Comments/Additional Information |
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