Full-service institutional broker Weeden & Co. has teamed up with independent innovative trading solutions provider Pragma to launch a new strategic algorithm. The Ghost algorithm takes part in both lit and dark venues.
Ghost raises its trading rate when the price becomes favorable, but does not block the market and allows the stock to naturally continue its price trend. It simultaneously utilizes the OnePipe liquidity aggregation methodology to source non-displayed liquidity while the order is strategically working in the market.
Click here for the release from Business Wire.