Lava Trading launches Timeslice feature
Lava Trading Inc.
First Published by e-Forex News: January, 2007
Lava Trading Inc. has announced the launch of Timeslice, a significant new algorithmic trading feature of the LavaFXTM foreign exchange product suite. Timeslice allows foreign exchange traders to execute orders over a period of time with minimal market notice or impact. Timeslice orders are highly customizable and work invisibly by sending pieces of the master order into the market at specified intervals.<br>
"Timeslice is a major enhancement to the LavaFX platform and is unique in terms of automating order flow," said David Ogg, CEO, LavaFX. "It will enable traders to move large amounts through the market with minimal disruption, or to maximize profit potential on smaller orders by letting them trade out of positions over time where a human may not have the patience to do so. Timeslice provides a true point-and-click operation and we believe there will be considerable interest among our buy-side clients."