ITG Rolls Out LATAM Close Algos for Mexican, Brazilian Equity Markets

[kreslik.news]

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has unveiled a new product offering reinforcing its equities suite, launching its close algorithms for Brazilian and Mexican equities, per a company statement.

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The new offering represents the group’s latest instruments in Latin America (LATAM) – its Brazil Close and Mexico Close algos will aim to incorporate order imbalance information, thereby adjusting to intra-day market conditions to capture liquidity in the closing prints of Brazilian and Mexican markets. More specifically, the Brazil the closing auction typically ... (read more)