NEW YORK--(BUSINESS WIRE)--BTIG, LLC announced today that its Global Portfolio and ETF Trading Group has released a new benchmark market on close algorithm within their suite of portfolio trading strategies. Built by the firm’s financial engineers, 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 ideal for traders focused on maximizing client performance.
The firm’s portfolio optimizing algorithm is data-driven in design with state-of-the-art quantitative analytics coupled with an anticipatory modeling methodology. “Equipping our portfolio traders with technology that predicts momentum on the horizon helps us meet and exceed clients’ performance objectives,” said Thomas Smykowski, Managing Director and Head of Global Portfolio and ETF Trading, at BTIG. “While working orders, we continue to employ tools, with sophisticated logic, that intuitively respond to the market and leverage advantageous end of day volumes.”
BTIG Global Portfolio and ETF Trading professionals seamlessly execute portfolio trades across markets. Through a team of experienced high-touch traders and advanced proprietary technologies, the firm develops successful solutions for rebalances, cash flow trades and index events worldwide.
BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 500 employees, BTIG, LLC and its affiliates operate out of 14 cities throughout the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs, fixed income (futures, commodities, foreign exchange, interest rates, credit, and convertible and preferred securities). The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, transition management, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more. Disclaimer: https://www.btig.com/Disclaimer.aspx