SG launches novel cash, futures algo

SocGen small
By Rob McGlinchey
20 May 2014

Société Générale has launched a novel algorithm on cash equities and futures that aims to give institutional investors further discretion when trying to minimise slippage versus a strike price at a specified time in the future.

The algo, called SmartStrike, gives investors the capability to send an order, or basket of orders, whilst specifying the strike time that they are targeting. Historically, investors have found issues when benchmarking against a point in time, such as sending an order at a point in ...

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