Agoracom: Small Cap Investment - POET Technologies Inc. - Re: ITG

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Andrea Koch

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Re: ITG - panic buying

in response to

Re: ITG - panic buying

moneydigger

posted on Mar 26, 2014 05:09PM

Wonder whether what we saw was a result of ITG's Smart Limit Algorithm. They describe it like this:

ITG announced the launch of ITG Smart Limit Algorithm, or "SLimit". ITG Smart Limit Algorithm employs logic to determine optimal order pricing, sizing and routing in order to balance spread capture opportunities and adverse selection risk. "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," said Jeff Bacidore, head of algorithmic trading at ITG. He added, "Clients can use SLimit directly when working orders manually or indirectly when using an existing ITG algorithm." (Source: ITG website)