ConvergEx Group Launches Tactical Trading Algo

摘要

ConvergEx Group has launched Abraxas, a tactical trading algorithm that utilizes a proprietary, multidimensional sensitivity profile to exploit dark liquidity, favorable price movements and volatility changes. "As opposed to schedule-based algorithms, tactical trading algos are designed to intelligently navigate difficult markets and trade less-liquid symbols," explains Scott Daspin, managing director in global electronic sales at ConvergEx. "To do this, Abraxas trades opportunistically as liquidity becomes available at favorable prices, leverages both displayed and non-displayed markets, and adjusts its level of aggression based on many market factors using the multidimensional sensitivity profile."