New Algos Seek to Capture End-of-Session Liquidity NEW YORK, Aug. 09, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced the launch of new Close algorithms for Brazilian and Mexican equities. The Brazil Close and Mexico Close algorithms incorporate order imbalance information and adapt to changing intra-day market conditions to help capture the substantial liquidity available late in the trading session and in the closing prints of these key markets. In Brazil the closing auction frequently represents 9-10% of total daily trading volume, while in Mexico the closing print is often 6-7%. âThese algorithms draw upon ITG...
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