Algo Strategies

Strategy	Description
ARRIVAL PRICE (Implementation Shortfall) order algorithm	Captures the mid-price at the moment the order arrives (the “arrival price”).
ICEBERG order algorithm	Consumes “orders.routed” from the bus (strategy=ICEBERG).
IMPLEMENTATION SHORTFALL (IS) order algorithm	Minimises total execution cost vs the arrival (decision) price by balancing market impact against timing risk.
LIMIT order algorithm	Consumes “orders.routed” from the bus (strategy=LIMIT).
MOMENTUM order algorithm	Signal-driven EMA crossover strategy.
POV (Percent of Volume) algorithm	Consumes “orders.routed” from the bus (strategy=POV).
SNIPER order algorithm	Multi-venue smart routing strategy.
TWAP (Time-Weighted Average Price) algorithm	Consumes “orders.routed” from the bus (strategy=TWAP).
VWAP (Volume-Weighted Average Price) algorithm	Consumes “orders.routed” from the bus (strategy=VWAP).