White Papers

Traditional execution algorithms can force buy-side traders to act as if they had sell-side priorities. To optimize the complete portfolio strategy, an algorithm must incorporate...
Request this Whitepaper

Users of crossing networks are legitimately concerned about being “gamed”—i.e. that their supposedly hidden orders are discovered and execute at adverse prices as a result...
Request this Whitepaper

Over a few years, the number of ATS’s has risen from a few to a few dozen, each with its own unique characteristics and rules. In many ways, the distinction between dark pools...
Request this Whitepaper

Recent comments by academics and financial practitioners have highlighted [6, 3, 4] the importance of combining portfolio and execution optimizations in order to capture the...
Request this Whitepaper