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Neonet launches new liquidity seeking algorithm

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Independent agency broker and execution specialist Neonet has added to its algorithmic trading suite with the launch of the new “Capture” algorithm.

 Capture is a liquidity seeking algorithm designed to leverage a number of underlying algorithmic models and methodologies across both dark and lit markets, depending on the client’s urgency to complete the order.

“We are very pleased to announce the addition of our new algorithm ‘Capture’ which gives our clients a tool to find liquidity in various scenarios,” says Tim Wildenberg, Chief Executive Officer of Neonet. “The client can dynamically control the algorithm by determining the urgency required to get the order completed in the market. ‘Capture’ combines the lessons we have learnt enhancing the execution quality in our algorithmic suite with the technology from our industry leading Smart Order Router to distribute passive and aggressive orders in an optimal way across our wide range of trading venues.”

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