New York-based broker ConvergEx Group has launched a dynamic order routing strategy developed in collaboration with IEX that will allow its clients to split their orders between IEX’s Alternative Trading System (ATS) and ConvergEx's Darkest algorithm.
The ConvergEx and IEX routing strategy allows for clients to route 25 or 50 percent of a trade towards the IEX trading venue while the remaining is being redirected to over 20 other non-displayed venues through the Darkest algorithm.
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