Institutional trading network Liquidnet has announced the addition of several new algorithm suites for Australian institutional investors.
Liquidnet Australia’s head Tristan Baldwin says the new algorithms will offer traders a “complementary option” to existing sources of liquidity.
“Asset managers are continuously challenged with a supply and demand imbalance when trading blocks. Our next gen suite is designed to free large Australian institutional traders from the ongoing challenge of constantly seeking liquidity so they can instead focus on alpha generation,” Mr Baldwin said.
Most of the seven new suites focus on benchmark algorithms, targeting various things such as arrival or closing price, market volume or time/volume-weighted average price.
All of these algorithms have previously been available to traders in the US and Europe, and have been rolled out in Australia following a successful first quarter for the company in the Asia-Pacific market.
Read more:
Deloitte acquires asset management consultant
Perpetual named trustee for Singapore REIT listing
'Jury still out' on objectives-based funds
The plummeting Turkish currency has spooked global markets – and if investors haven’t already reconsidered their allocations to emerging...
Praemium has increased funds under administration on its Australian separately managed account (SMA) by 45 per cent to $5.61 billion, accord...
Asset manager Janus Henderson has made a series of internal promotions to their Australian fixed interest team. ...
