ITG, a trading execution and multi-asset class broker, has announced the launch of its Smart Limit Algorithm, a specialized trading engine capable of a variety of passive and innovative functions, according to an ITG company statement.
New York-based ITG is proficient in derivatives, equities and foreign exchange, its platform and analytics suite offering a multitude of services including order management, execution and algorithmic trading. Its new Smart Limit Algorithm follows ITG’s traditional archetype of multi-functional platforms outfitted with low-latency infrastructure that helps optimize order pricing, routing, risk management, etc.
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High Frequency Trading a Central Aim
The company already boasts a robust offering in its POSIT Alert trading system, its Triton platforms and Smart Trading Analytics package. According to Jeff Bacidore, Head of Algorithmic Trading at ITG, “ITG Smart Limit Algorithm enables institutional traders to compete effectively with high frequency traders when supplying liquidity since it uses similar trading technology and techniques. Clients can use SLimit directly when working orders manually or indirectly when using an existing ITG algorithm.”
Indeed, the Smart Limit Algorithm grants users access to its entire comprehensive service package, streamlining trading needs. Traders in forex, or any high-volume avenue can benefit from the algorithm’s advanced operations module, whilst avoiding traditional high latency setbacks that typically serve as deterrents for users.