JP Morgan releases algos over Bloomberg, adds iPhone trading
NEW YORK – JP Morgan released its Twap+ and TimeSlicer algorithmic execution tools over the Bloomberg terminal at the end of last year, the bank announced last Wednesday (March 17).
In doing so, it joins Credit Suisse, which released its execution algorithms for foreign exchange on Bloomberg in 2008 (FX Week, September 15, 2008).
Twap+ is a time-weighted average price that users can configure to be passive, balanced or aggressive. TimeSlicer is an aggressive time-weighted average strategy that
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