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iPerX Algo Seeks Higher Recapture Rates

Traders Magazine, May 2011

John D'Antona Jr.

UAT, a Denver, Colo.--based financial technology company, has an algorithm that improves the commission recapture rates for the buyside. "Commission recapture" is a process whereby a pension or mutual fund's sub-advised accounts lower the commission costs for trading by the money managers managing accounts. Trades may be directed to either low-cost execution brokers or to brokers who rebate a portion of the normal commission back to the account. …

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