Liquidnet launches buy-side algo, analytics tools
Institutional trading network Liquidnet has launched buy-side technology Virtual High Touch, which offers "advanced data analysis, adaptive learning algorithms, unique liquidity search tools, and real-time analytics" to institutional traders looking to enhance their algorithmic trading decision-making. Liquidnet has also added Real-Time Course Correction to its Algo Ranking Model. The latter tool, which was launched in 2015, will be rolled out worldwide next year.

Liquidnet, an institutional trading network, has unveiled its Virtual High Touch, the group’s newest buy-side technology offering that helps aggregate a number of different trading functionalities into one cohesive utility, according to a Liquidnet statement.

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Virtual High Touch technology supports a range of different functions, including advanced data analysis, adaptive learning algorithms, unique Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term search tools, and real-time Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, among others. In conjunction with the new offering, Liquidnet has also implemented an extension to its Algo Ranking Model, featuring Real-Time Course Correction.

This was engineered in a bid to help enhance institutional traders’ decision-making surrounding algorithmic trading. Liquidnet’s Algo Ranking Model was launched last year, generating a comprehensive profile of an order before ranking Liquidnet’s Next Gen Algos, dictated by a given trader’s execution objectives. The group’s Algo Ranking Model is also currently available for US equities, which will be extended on a global basis next year.

Seth Merrin

According to Seth Merrin, Founder and Chief Executive Officer (CEO) of Liquidnet, in a recent statement on the launch, “As services from traditional sell-side providers continue to decline, the buy side is stepping up to fill that void. This is where Virtual High Touch comes in. Whether it’s delivering real-time strategy recommendations or unlocking hidden liquidity opportunities, Liquidnet is continuously working on ways to help traders enhance their decision making and deliver even more value and performance to their funds and their firms.”

“Virtual High Touch is about empowering them to not only become more self-sufficient in achieving best execution, but also demonstrate the alpha they are capturing for their firms. These offerings are just the beginning. We will continue to provide the buy side with the tools, intelligence, and market insight they need to further transform their role,” added Rob Laible, Global Head of Execution & Quantitative Services at Liquidnet, in an accompanying statement.