News In brief
Bloomberg Tradebook adds algos
Bloomberg Tradebook last week (June 15) released a tactical trading algorithm that enables traders to ladder or scale into or exit from futures or foreign exchange trading strategies. The Reserve-Scaleback Algorithm enables traders to algorithmically buy on weakness or sell into strength, obtaining a weighted price average on execution strategies.
A laddering strategy enables market participants to buy on set pullback increments. Scaling adds a peg to the algorithm
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