Welcome to the Dry Side

First Published in Automated Trader Magazine Issue 20 Q1 2011 : Anatomy Of An Algo

Paul Bentley, vice-president in EMEA Algorithmic Products at Citigroup Global Markets, describes the use of an intelligent algorithm that accesses all available liquidity to execute an order that is a high percentage of average daily volume, in an illiquid small cap stock, without impact.


Welcome to the dry side! Paul Bentley, vice-president in EMEA Algorithmic Products at Citigroup Global Markets, describes the use of an intelligent algorithm that accesses all available liquidity to execute an order. The same order represents a high percentage of average daily volume, in an illiquid small cap stock - and the challenge is to achieve execution without impact.

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