ITG Launches Dark List Algorithm
"Portfolio traders are hesitant to leverage the cost-saving potential of dark pools at scale because of concerns about unpredictable execution rates that can create cash imbalances or increase the risk of residuals," said
Dark List lets portfolio traders control the optimization process to suit their needs by offering two objective functions: maximize execution rates under a cash constraint or use the opportunistic nature of dark pools to clean up only the most costly parts of the list. These objectives allow traders to use ITG Dark List as their primary trading tool or as a complement to risk bids or non-discretionary algorithms like VWAP. Along with POSIT®, POSIT Alert® and POSIT Marketplace, ITG Dark List contributes to improving market quality for ITG clients by reducing the friction that prevents list and single-stock traders from crossing with one another directly.
ITG Dark List is available on 18 OMS/EMS platforms or via ITG's Portfolio Trading Desk.
ITG is an independent execution broker and research provider that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in
CONTACT: ITG Media/Investor Contact:
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