![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, February 13, 2009 1:55:32 PM
http://www.techweb.com/article/showArticle?articleID=213403552§ion=News
February 11, 2009 (09:05 AM EST)
Tradebook Launches New Futures Trading Algorithm
Read the Original Article at Advanced Trading
Tradebook Launches New Futures Trading Algorithm
Bloomberg Tradebook has introduced a new algorithm that enables futures traders to execute intra and inter commodity spread strategies algorithmically in the same way that outrights are traded. The new algorithm provides traders with execution anonymity on their spread strategies. Because each leg of the spread is handled as an outright transaction, each side of a trade can be routed to the same or different brokers and reassembled back together when cleared into the trading account. The algorithm seeks to reduce potential price slippage by working the spread algorithmically (rather than the traditional manual method). Also, algorithmic responses to market conditions may improve the chances that traders achieve their price targets, enabling them to put on larger sizes.
The new futures legging algorithm is impressive owing to a great improved speed of execution and outcome," said Brian Coffaro, the global futures product manager for Bloomberg Tradebook, in a press release. "In addition, the algorithm enables traders to take greater control of their orders and be able to build in parameters to change the specifics of a trade should the market move away from a desired price," he said.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM