CitiFX launches Liquid Slice algorithm

The CitiFX Intelligent Orders team has just released the Liquid Slice algorithm.

First Published by e-Forex News: January, 2011

The CitiFX Intelligent Orders team has just released the Liquid Slice algorithm. The bank has found that while many of their clients appreciate the quality of passive stealth strategies like Ripple and Silent Partner, there is still demand for vanilla time weighted average price (TWAP) style execution. Liquid Slice provides customers a linear execution within a user defi ned execution horizon; it enables traders to capture as much bid/offer spread as possible while protecting order information from the market. Recent enhancements to the order management functionality available on the Velocity platform have handed more real-time control to customers over their trades and similar updates completed on the interfaces provided on distribution channels such as Bloomberg are also proving popular.