Free Site Registration

Citi Rolls Out New Pairs Algo

Traders Magazine Online News, January 12, 2012

James Armstrong

Citi has introduced a new algorithm for pairs trading, allowing equity traders to execute market neutral strategies by simultaneously buying and selling highly correlated securities.Internally, Citi has had a pairs strategy for a while, but about five months ago it started offering the algo to some of the clients using its Dagger product, which Citi turned into a full-fledged platform algo last year.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?