New York - BTIG has announced that its Global Portfolio and ETF Trading Group has released a new benchmark market on close algorithm within their suite of portfolio trading strategies.
BTIG's latest algorithm streams historical close and imbalance metrics to determine a reverse implementation shortfall. With increasing volumes at market close, minimizing impact and slippage versus a primary closing benchmark is suitable for traders focused on maximizing client performance.
The firm's portfolio optimizing algorithm is data-driven in design. Quantitative analytics are coupled with an anticipatory modeling methodology.