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 ACCC inquiry into residential mortgage prices has found that the major banks profit off price confusion and lack incentives to make pric...
Treasurer Josh Frydenberg has pointed to latest OCED warning over substantial house prices falls to attack the opposition’s tax policies a...
NAB has listened to shareholder feedback and has revealed that from 2018 onwards it will make a move away from short-term remuneration. ...
