As the portfolio-trading market continues to grow, agency-only brokerage Dash has launched it first portfolio-trading algorithm for the buy side. “We felt strongly that the market is underserved by some of the…
As the portfolio-trading market continues to grow, agency-only brokerage Dash has launched it first portfolio-trading algorithm for the buy side.
“We felt strongly that the market is underserved by some of the legacy portfolio-trading solutions available today,” Barbara Francis, director of portfolio trading at Dash, told Rob Daly of Markets Media.
Francis and Jennifer Hubbs, both of whom joined the company in January, spent the past eight months spearheading the launch of the new algorithm.
“To do this, we had to build not only the appropriate execution workflow, but also advanced pre-trade and risk model, real-time analytics, and data visualizations to alert the user to outliers and areas to focus on, and then finally an interrogation with our existing post-trade transparency tools to measure routing and execution performance,” said Francis.
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