Dash Financial Technologies, a New York-based fintech that specializes in order routing transparency, visualization, and customization solutions, announced on Wednesday the launch of its next-generation portfolio trading (PT) algorithm, which is described as a highly customizable workflow and execution solution with real-time transparency and analytics, allowing institutional clients to achieve their portfolio trading performance goals, however they choose to define them.
“Like all of Dash’s algorithmic trading solutions, the new strategy is underpinned by Dash360, the firm’s award-winning, web-based dashboard that provides every aspect of the routing and execution cycle, from pre-trade analytics and cost estimates to advanced TCA.”
Dash Financial also revealed by using its new PT solution in conjunction with Dash360, clients receive summary-level cockpit analytics to immediately recognize outliers and visualize how the strategy intends to execute.
“Users also have the ability to drill down — through sector, market capitalization, spread and liquidity measures — into advanced routing analytics and visualization of the algorithm’s behavior at the child-order level.”
The company went on to add that the algorithm supports both implementation shortfall and interval VWAP benchmarks and provides flexibility around auctions, dark venue controls and relative limits It also offers aggressiveness controls, providing the ability to complete by the close or execute over multiple days if preferred.
Founded in 2011, Dash Financial describes itself as an agency-only execution firm designed to change the traditional brokerage paradigm, one typically devoid of transparency and conflicted by misaligned interests.