EXPANDING YOUR TRADING POSSIBILITIES
BNY is pleased to present clients with the very best in algorithmic trading and hedging strategies
Algorithmic trading strategies have revolutionized the global trading landscape in recent decades. While these sophisticated automated trading tools were once available only to those on the cutting-edge of FX markets, today these capabilities can be utilized by a wide variety of currency market participants.
Let Our Algos Do the Work for You
BNY’s family of FX algos can be deployed to achieve a range of execution and hedging goals that could otherwise be difficult to attain.
Wish to transact a large order without alerting the market? Algos allow you to break larger orders into smaller transactions, minimizing market impact.
With our algos, simple and efficient execution is always possible.
Why Choose BNY’s Algos?
As a global financial services company, BNY sits at the center of the currency market, with access to natural uncorrelated FX flows.
Given our unique client mix, our algos can be deployed in a liquidity pool that is frequently uncorrelated to traditional FX dealers and can help clients minimize market impact. Algos are particularly useful for institutional portfolio managers or traders for whom efficiency is a high priority.
OUR FAMILY OF ALGOS
TWAP (Time Weighted Average Price)
Executes by posting evenly distributed orders over a user-defined time horizon.
FLOAT
Floats with the market – passively post and repeg orders based on current pricing levels and trading activity.
TIMESLICER
Based on TWAP, adheres to the schedule, only taking liquidity, not placing resting orders.
VWAP (Volume Weighted Average Price)
Executes orders that are distributed and posted based on historic volumes and real-time variables over a user-defined time horizon.
POV (Percentage of Volume)
Executes orders based on historical volume averages. Trajectory is drawn by targeting a specific fraction of historical volume. User will define the participation rate via the target volume percentage.
HUNT
Volume-based strategy for urgent execution will also use passive orders to capture a percentage of the trades in the market based on historical and real-time information.