Strike

Strike is an aggressive, liquidity-sourcing algorithm that accesses hidden and displayed liquidity across dozens of venues. It exploits trading opportunities through a variety of tactics and proprietary liquidity signals, while keeping an eye on market impact to provide clients with an intelligent, aggressive solution for urgent orders.

Strike has three primary components that work together simultaneously to ensure participation while waiting for liquidity opportunities.

Sweep – Crosses the spread in dark and lit venues, and instantly reloads to exhaust hidden liquidity.

Rest – Uses dark and lit venues to source liquidity by posting hidden mid-point orders with a dynamic allocation algorithm that efficiently captures liquidity without supporting the market.

Strike – Reacts to proprietary liquidity signals, exploiting transient opportunities like an HFT to maximize liquidity with minimal impact.