Algorithm Trading Solutions Unveils TRACER, its Eighth Proprietary Algorithm.NEWARK, N.J. -- Algorithm Trading Solutions, a division of TradeTrek Securities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an institutional broker-dealer specializing in cutting-edge quantitative trade execution, today unveiled TRACER tracer, an identifiable substance used to follow the course of a physical, chemical, or biological process. In chemistry the ideal tracer has the same chemical properties as the molecule it replaces and undergoes the same reactions but can at all times be detectible , its newest premium algorithm designed to facilitate the execution of VWAP VWAP The volume-weighted average price. (volume weighted average price) trading. TRACER is the firm's eighth proprietary algorithm since Algorithm Trading Solutions' launch at the start of 2005. TRACER is designed for money managers that periodically rebalance large portfolios over several days of trading and insist on meeting or beating the VWAP each day that they trade. It is suited for portfolio managers with a long-term view, who execute most trades for risk adjustment purposes. Like all of the firm's algorithms, TRACER offers portfolio managers trade execution independence, control and transparency. "We built this firm on the premise that technological innovation will drive competitive advantage in the institutional brokerage sector over the next decade," said George Rodriguez, managing director of Algorithm Trading Solutions. "With the addition of TRACER, we are confident that we offer the most sophisticated suite of algorithms now available to institutional investors." Among Algorithm Trading Solutions' seven other proprietary algorithms are: - GAATS GAATS Gander Automated Air Traffic System : GAATS randomizes order flow to achieve order stealth and minimize market impact while maintaining a targeted participation rate. - GAATS HEAT: GAATS HEAT maintains a targeted participation rate while patiently waiting for liquidity in the market. Beyond its proprietary algorithms, Algorithm Trading Solutions also provides clients with customized algorithms tailored to complement a portfolio manager's specific strategy. For more information on Algorithm Trading Solutions' entire menu of algorithms please contact George Rodriguez at (973) 456-7008. About Algorithm Trading Solutions Algorithm Trading Solutions is the algorithm-based equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as division of TradeTrek Securities, LLC and is the primary focus of the firm. Algorithm Trading Solutions provides institutional investors with algorithmic electronic order placement and execution. The speed and stealth with which the firm's technology executes trades provides the opportunity to minimize the so-called "implementation shortfall In financial markets, Implementation Shortfall is the difference between the decision price and the final execution price (including commissions, taxes, etc.) for a trade. This is also known as the "slippage". ," and total transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). of trading stock. |
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