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TactEx - Advanced Direct Market Access strategies
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Fragmentation of liquidity between displayed markets and dark pools makes it challenging to navigate through todayâs global electronic marketplace. ConvergEx offers TactEx, our suite of advanced global direct market access order types. Available on all major Execution Management Systems, TactEx is a unique offering that allows traders to participate simultaneously in both displayed and non-displayed markets, maximizing an orderâs execution rate and improving performance.
In displayed markets, TactEx implements intelligent posting strategies that intuitively represent a traderâs orders to optimize execution. In non-displayed markets, TactEx accesses multiple dark pools, including VortEx, our unique dark liquidity pool where ConvergEx streaming and resting orders intersect with dynamic IOIs. All TactEx order types dynamically rebalance to maintain representation in both displayed and non-displayed markets.
How is TactEx different?
TactEx allows a trader to represent an order in multiple venues, displayed and dark, with one click of the mouse. In the displayed market, TactEx âreads the tapeâ and measures what market centers are most active. It then intelligently posts a portion of your order to the appropriate destination.
In dark markets, TactEx divides the rest of the order between multiple dark venues including VortEx, ConvergExâs proprietary dark pool. In aggregate, TactEx has access to over 75% of the dark pool marketplace.
To learn more about TactEx Advanced DMA Suite of Order Types, please call 212-468-7646.