Algo Trading System

Algo Trading system is a software management and trading system designed for institutions. It allows for large order placement and supports various types of orders:

POV (Percentage of Volume) Order:

• POV is a trading strategy where a certain percentage of the account volume is traded. It involves making frequent trades with small volumes, which responds well to sudden changes in trading volume.
• Whenever a market signal is received, if the market price meets the required limit, the system automatically splits the order to ensure:
• The executed order volume as a percentage of the market’s matched volume.
• The pending order volume as a percentage of the pending volume at each price level (the best 3 price levels) in the market.

Pro Data/Pro Rated Order:

• Pro Data/Pro Rated orders follow the POV order strategy within a group of orders.
• The percentage to execute will be allocated to each order in the group based on the volume proportion of each order.

Hunt Order (Minimum Fill by Volume or Value):

• The Hunt order is executed using the POV order strategy when the minimum volume condition is met.
• The Hunt order activates when the total pending volume (bid/ask) meets (exceeds or equals) the required minimum volume threshold.

ICE Order:

• An ICE order operates by consistently placing a limit order at a specified price level with a fixed volume (ICE volume).
• Upon complete or partial fulfillment, the system automatically replenishes the pending volume to maintain a consistent ICE volume presence in the market.

TWAP (Time Weighted Average Price) Order:

• A TWAP order executes transactions evenly over equal time intervals.
• It activates when the market price meets the specified limit price conditions.
• The required volume is evenly distributed (requested volume) over equal time intervals (time slices).