Baxter enters algo execution
The algorithmic execution tool is being beta-tested by select Baxter customers, said Franck Mikulecz, managing director at Baxter in Dublin.
After the first stage of development, which took about a year, specific customers are now able to send their algorithms to Baxter in Java code to be run in the vendor's algorithm boxes. Then, a trader can send Baxter the name of the algo strategy they want used, along with a FIX message with the parameters of the trade to be executed on the ECN.
The new
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