FastMatch, Inc. has announced that its proprietary algorithmic and transaction cost analysis (TCA) services will be available to all subscribers. The firm has been offering algorithmic trading to asset managers via its AgencyFX product for the past 18 months to satisfy increasing demand.
Dmitri Galinov, CEO of FastMatch, Inc. commented that, “There are two significant differentiators of FastMatch algorithms versus other providers. First, FastMatch operates an ECN where liquidity for algorithmic execution is customized to provide minimum spreads and minimum market impact. Second, FastMatch algorithms rely on proprietary patent-pending flexible matching logic for execution. Flexible matching is a sophisticated order routing system that prioritizes liquidity providers based on their price, historical fill rates, response times and market impact for every trade.”