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

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

Xceptor and Delta Capita Unite to Streamline T+1 Settlement

Data automation platform provider Xceptor has announced a partnership with Delta Capita, a global provider of managed services, technology solutions, and consulting to the financial services industry, aimed at helping financial institutions prepare for the T+1 settlement deadline of 28th May 2024. The partnership, which will leverage Xceptor’s data automation platform and Delta Capita’s expertise,...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...