Electronic strategies and tools engineered for today’s markets and fine tuned to your specific objectives and workflow.
Algorithmic strategies
We help our clients improve performance, optimize execution quality, reduce information leakage, and minimize execution costs with a suite of precision benchmark, participation, and liquidity-seeking strategies enhanced with short-term alpha signal technology.
Work™
Depending on configuration, can be used for either arrival price trading or opportunistic participation.
Availability
Global
Nighthawk®
Dark aggregator seeks to maximize the percentage of hidden liquidity.
Availability
Global
Cobra
Aggressively seeks both hidden and displayed liquidity across exchange-based and dark liquidity sources.
Availability
Global
BlockPeg®
Posts visible orders on the passive side of the market to maintain competitive standing while crossing the spread for a specified quantity threshold.
Availability
APAC
ETF Spotlight
Creates a competitive market for ETF orders. Ability to execute large orders relative to displayed volume.
Availability
Americas
Make
Passive strategy that optimizes child order sizing, placement, and timing to capture spread.
Availability
EMEA
Dynapart
Adjusts participation rates dynamically in response to price movements.
Availability
APAC and EMEA
Part
Trades as a targeted percentage of market volume.
Availability
Global
StepPart
Adjusts participation rates based on user-defined price levels.
Availability
APAC and EMEA
SpreadCapture
Seeks to capture the spread and minimize impact. Posts naturally within a stock's specific order book while seeking liquidity.
Availability
APAC
TargetClose
Seeks to trade into or in the closing auction.
Availability
Global
TWAP
Distributes trades evenly across the specified time horizon.
Availability
Global
VWAP
Trades against the volume-weighted average price over the specified trading horizon.
Availability
Global
IS
Targets an arrival price benchmark, explicitly optimizing the tradeoff between price impact and opportunity cost.
Availability
EMEA
TargetOpen
Balances impact and benchmark dispersion relative to the opening price.
Availability
Americas
TargetStrike
Targets a specified strike time.
Availability
EMEA
Auction
Manages participation in open or closing auctions.
Availability
EMEA
Customize selection. Optimize routing.
Using a broker wheel for third-party broker and algo selection can reduce execution costs, automate workflow, and improve performance for routine trades, freeing traders to focus on high-value trades that require their expertise and attention.
Instinet’s broker wheel technology provides automated, randomized, and impartial algo selection according to strict client-specified routing criteria to executing brokers, so you always stay in control.
