Algorithmic & automated trading

Electronic strategies and tools engineered for today’s markets and fine tuned to your specific objectives and workflow.

Algorithmic strategies

We help our clients improve performance, optimize execution quality, reduce information leakage, and minimize execution costs with a suite of precision benchmark, participation, and liquidity-seeking strategies enhanced with short-term alpha signal technology.

Computers
Computer
Liquidity seeking

Work™

Depending on configuration, can be used for either arrival price trading or opportunistic participation.

Availability 
Global

Nighthawk®

Dark aggregator seeks to maximize the percentage of hidden liquidity.

Availability 
Global

Cobra

Aggressively seeks both hidden and displayed liquidity across exchange-based and dark liquidity sources.

Availability 
Global

BlockPeg®

Posts visible orders on the passive side of the market to maintain competitive standing while crossing the spread for a specified quantity threshold. 

Availability 
APAC

ETF Spotlight

Creates a competitive market for ETF orders. Ability to execute large orders relative to displaved volume. 

Availability 
Americas

Make

Passive strategy that optimizes child order sizing, placement, and timing to capture spread. 

Availability 
EMEA

Participation driven

Dynapart

Adiusts participation rates dynamically in response to price movements.

Availability 
APAC and EMEA

Part

Trades as a targeted percentage of market volume.

Availability 
Global

StepPart

Adiusts participation rates based on user-defined price levels.

Availability 
APAC and EMEA

SpreadCapture

Seeks to capture the spread and minimize impact. Posts naturally within a stock's specific order book while seeking liquidity. 

Availability 
APAC

Benchmark seeking

TargetClose

Seeks to trade into or in the closing auction.

Availability 
Global

TWAP

Distributes trades evenly across the specified time horizon.

Availability 
Global

VWAP

Trades against the volume-weighted average price over the specified trading horizon.

Availability 
Global

IS

Targets an arrival price benchmark, explicitly optimizing the tradeoff between price impact and opportunity cost. 

Availability 
EMEA

TargetOpen

Balances impact and benchmark dispersion relative to the opening price. 

Availability 
Americas

TargetStrike

Targets a specified strike time. 

Availability 
EMEA

Auction

Manages participation in open or closing auctions. 

Availability 
EMEA

Broker wheel

Customize selection. Optimize routing.

Using a broker wheel for third-party broker and algo selection can reduce execution costs, automate workflow, and improve performance for routine trades, freeing traders to focus on high-value trades that require their expertise and attention.

Instinet’s broker wheel technology provides automated, randomized, and impartial algo selection according to strict client-specified routing criteria to executing brokers, so you always stay in control.

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