Convergex Deploys Darkest, a Liquidity Seeking Algorithm
Posted: Mon Oct 10, 2016 8:44 pm
Convergex, an agency-focused global brokerage and trading related services provider, has launched a new options trading algorithm, tapped Darkest, which helps facilitate the search for liquidity across a multitude of markets, per a Convergex statement.
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Darkest caters to both buy and sell-side clients, which acts as a low impact, cost effective liquidity seeking algorithm. The impetus behind the algorithm is search for potentially hidden liquidity via the deployment of a passively operating trading algorithm. The new utility can also specify from a list of user-specified exchanges, helping streamline liquidity searches.
Darkest serves ... (read more)