About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DASH Adds Dark Liquidity Aggregation Algo

Subscribe to our newsletter

DASH Financial Technologies continues to innovate with SENSOR Dark, a next-generation dark liquidity aggregation algorithm designed to provide traders with optimal levels of transparency, performance and control as they attempt to minimise footprints when seeking dark liquidity in a fragmented market. The algo sources dark liquidity from significant venues across the US equity market, including independent venues, broker-operated pools, exchange hidden liquidity and conditional pools.

In line with all DASH execution solutions, users can customise their own SENSOR Dark execution strategies to meet specific performance and workflow goals. They can also view, measure, refine and visualise their activity using DASH’s web-delivered transparency solution, DASH360, which provides real-time analytics and visualisation to bring an order to life.

Stino Milito, head of electronic trading sales and co-chief operating officer at DASH, says: “While simple dark aggregation tools have been available in the market for some time, most were developed at a time when the liquidity landscape looked much different than it does today. SENSOR Dark has been designed with the functionality and real-time analytics necessary to effectively source dark liquidity today.”

With SENSOR Dark, traders can use a data-driven approach to customise routing selection by liquidity, block execution, price reversion/stability or any custom measurement; benefit from ‘block react’, a workflow solution that enables reaction to block execution with immediate and dynamic reallocation functionality; add ‘alpha seek’, performance enhancing workflow that dynamically changes venue selections available to take advantage when a symbol is outperforming versus the arrival price; define minimum fill size on a per-order and venue-by-venue basis, as well as set a minimum first fill to ensure a minimum-size dark print at the outset of the order; and have price flexibility by sourcing liquidity anywhere within the National Best Bid and Offer, including the midpoint or far touch, the offer when buying or the bid when selling.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

23 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance....

BLOG

Genesis Global Enhances Financial App Development Platform with End-User Reporting Controls

Genesis Global has announced a significant update to its AI-native application development platform for financial markets, giving end-users direct control over the creation, modification and distribution of reports based on application data. The enhancement marks a shift from traditional development practices, where changes to reporting functions would typically require developer intervention and code adjustments. The...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...