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The Power of Alaris Trading
Nine Tools to Optimize Trading Performance
Ambush™ (AMB)
is best used for orders where both time and information leakage are critical. Ambush utilizes sophisticated order placement techniques and allows traders to choose their urgency based on aggressive, neutral and passive settings. A high percentage of interval volume is to be expected.
Arrival Price (AP)
is a "master-balancer" of the key variables associated with "implementation shortfall": market impact, volatility, volume, spread, time and return. The strike for an AP order is the midpoint of the bid/ask spread at the time of its arrival. AP will determine the optimal execution time frame for each order as it works to the arrival price benchmark.
Departure Price (DP)
balances the joint effect of market impact and price volatility with respect to the departure price. The order normally arrives during the expected completion day, and the strategy optimizes the trading curve between the arrival and end of trade time. DP is designed for any stock where your target price is the departure price or better.
Market Call (MC)
facilitates your specific market call on a stock. Implements your market call, ranging from passive to aggressive, over a flexible execution time frame.
Premier Block Trading (PBT ™)
provides anonymous, block execution capabilities for 1,400+ securities. Functionality enhanced to include short sale capabilities and opportunity for price improvement on the original stop price.
Razor (R)
cuts orders into slices based on available liquidity in names where liquidity may be difficult to predict. Designed for optimizing results on small and mid cap stocks. Razor will accelerate its "liquidity blades" to capture hidden liquidity.
Target Volume (TVOL)
determines completion time of the order and price based on market "ticks" or volume. This strategy provides excellent support for a busy trading desk by effectively working orders in line with market volume, and frees up the trading time to focus on the big picture.
Time Weighted Average Price (TWAP)
aims to evenly distribute an order over user-specified duration, dynamically balancing adverse selection and market impact in real time. Typically utilized for liquid names, generating many small and frequent orders.
Volume Weighted Average Price (VWAP)
utilizes smart order placement in conjunction with sophisticated methods of predicting volume for individual securities. Delivers an average execution price in line with the VWAP benchmark, while minimizing impact to the VWAP itself.
Learn more about the Power of Alaris Trading (PDF, 207K)
Alaris Algorithmic Trading Through Your Order Management System
Implementing sophisticated trading strategies has never been easier. Alaris delivers "plug and play" access to algorithmic strategies. Providing the best of both worlds, these industry leading strategies are configurable and controlled through AlarisTrader, Bloomberg, Fidessa, Flextrade, Lava, Neovest, NYFIX, Portware, Reuters, Sterling and Sungard, giving you protection against trading and compliance errors while eliminating the re-keying of any trade data.
Automate your Ideas with EASE
- Utilize the industry leading EASE strategies to achieve best execution
- Trade electronically with complete anonymity and control
- FIX connectivity for error reduction and efficiency
- Leverage your time to focus on value added activity
Learn more about Alaris Algorithmic Trading (PDF, 208K)
Ambush and Premier Block Trading (PBT) are trade/service marks of Banc of America Securities, LLC
