Commentary

Salil Pachare and Ilia Rainer
Traders Magazine Online News

Does the Tick Size Affect Stock Prices?

The Securities and Exchange Commission has recently released a whitepaper examining the change in tick sizes on trading based on data it collected during the Tick Size Pilot.

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Would the creation of a single central regulator in Canada affect your inter-listed trading strategies?




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December 14, 2007

Lava Trading to Launch Dark Algo

By Peter Chapman

Lava Trading is expected to introduce a new algorithm that searches for liquidity in so-called "dark pools." The algorithm, called Go-To, will be the second service offered by Lava that looks for liquidity amongst non-public orders. The unit of Citi also makes available to users of its order management system a service called Dark Book, which taps liquidity provided by other Lava customers hidden in reserve orders on exchanges and ECNs. The new Go-To algorithm joins a slew of similar algos (see Traders Magazine, April) offered by broker-dealers. Go-To will be one of only two algorithms offered by vendors. The other comes from FlexTrade.