NEW YORK–(BUSINESS WIRE)–BTIG
announced today that its Electronic Trading unit TradeSave™ has
released Pivot, a proprietary liquidity-seeking algorithm and the latest
addition to the firm’s suite of advanced algorithmic strategies.
Pivot utilizes machine learning and artificial intelligence (AI) to
source liquidity. By anticipating market movement, it aims to improve
spread capture and iVWAP performance while maintaining moderately
aggressive volume participation levels. Designed to fade to a passive
state when market improvement is expected, Pivot also increases
participation and urgency when it detects movement away from the market.
“Pivot’s real-time analytics seek to stabilize participation and control
aggression which can be challenging for liquidity-seeking strategies,”
said Anthony Brown, Managing Director and Co-Head of Electronic
Trading – TradeSave™ at BTIG. “The machine learning used within
Pivot has also substantially changed the way we look at order
performance. It is a key differentiator within our suite of algorithms
and beneficial to our electronic trading clients.”
The detection and anticipation components of the algorithm were
developed using a comprehensive and finely-tuned database of historical
trade characteristics and their respective responses to the
market. “Pivot thoughtfully blends AI with our powerful liquidity
sourcing technology to harvest results,” noted Joe Tartoni, Managing
Director and Co-Head of Electronic Trading – TradeSave™ at BTIG.
“Its ability to anticipate momentum or reversion, and adapt the tactical
approach in response to real-time trading conditions offers clients a
distinct advantage in complex and often volatile markets.”
TradeSave™ is part of the firm’s comprehensive suite of
high-touch and low-touch trade execution options. Combining advanced
technology with premier customer service, BTIG’s TradeSave™ division
delivers highly-effective, state-of-the-art electronic trading
solutions. Incorporating the latest in AI and machine learning, BTIG
provides proprietary liquidity-seeking strategies, benchmark algorithms,
alpha capture strategies, smart order routing, as well as direct market
access to all major North American exchanges and ATSs.
BTIG is a global financial services firm specializing in institutional
trading, investment banking, research and related brokerage services.
With an extensive global footprint and more than 600 employees, BTIG,
LLC and its affiliates operate out of 18 cities throughout the U.S., and
in Europe, Asia and Australia. BTIG offers execution, expertise and
insights for equities, equity derivatives, ETFs and fixed income,
currency and commodities (futures, commodities, foreign exchange,
interest rates, credit, and convertible and preferred securities). The
firm’s core capabilities include global execution, portfolio, electronic
and outsource trading, transition management, investment banking, prime
brokerage, capital introduction, corporate access, research and
strategy, commission management and more.