Fidessa group, a provider of trading systems and market data, has added three new execution algorithms to its BlueBox strategies suite in Canada. The new algorithms, Invisible, Price Improvement and Shadow, complement Fidessa’s existing algorithms that include VWAP, TWAP, POV and Arrival.
Fidessa said that the new algorithms are integrated within its Canadian trading platform and available immediately.Each algorithm is designed to help drive trading performance through greater automation and lower transaction costs while finding liquidity in Canada’s increasingly fragmented market, added Fidessa.
BlueBox allows traders to build, run and control their own algorithmic trading strategies. Fidessa’s BlueBox suite includes both benchmark algorithms and execution algorithms that are expected to maximize liquidity access while minimizing market impact.
Martin Hakker, executive vice president of marketing at Fidessa, said: Canada is the fourth region to go live with Fidessa’s BlueBox algorithms following the US, Europe and Japan. This is testament to the scalability and integration capabilities of Fidessa’s core architecture globally and the flexibility of the BlueBox framework that offers algorithmic developers a cost-effective, functionally rich, technical environment to efficiently develop, deploy and control proprietary algorithms. As fragmentation continues to evolve and trade volumes rise, our Canadian clients are increasingly demanding advanced trading solutions for executing into the market