A little-known HFT firm started using its cutting-edge tech to help investors execute big trades, and one client says it 'outperformed the market by a noticeable margin'

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Potamus Trading scrapped its proprietary trading business in 2018 and now serves as a broker for large investors.

HFT firm Potamus Trading shut down its trading business in January 2018 to work as a broker-dealer for asset managers.

The former, which often handles a large contingent of Main Street money, is not typically the most innovative with technology. It's slower moving in the markets and interested in long-term investments. Potamus Trading shuttered its proprietary HFT business in January 2018, shifting its strategy and expertise to focus solely on serving asset managers as a broker-dealer.

As an example, if a client wanted 10,000 shares of Apple, Potamus might buy 50,000 shares and sell 40,000 shares in the process of filling the order. Doing so allows Potamus to fly under the rader. It's also worth noting the broker does no internal trading of its own, thereby eliminating any concerns clients might have about Potamus using information from its clients' orders to benefit its own trading strategies, Linnell added.Barclays is revamping how it trades stocks as it welcomes in the 'golden age for electronic trading'

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ocado Makes First Tech Startup Investment In Robotics Firm KarakuriBritish online supermarket giant Ocado has made its 1st tech startup investment in a robotics company called Karakuri, leading a $9 million funding round
La source: Forbes - 🏆 394. / 53 Lire la suite »

Andrew Yang says big tech companies would be 'well served' if broken upDemocratic presidential candidate Andrew Yang says big technology conglomerates like Facebook, Google and Amazon would be 'well served' if broken up into smaller companies as some of his Democratic opponents have proposed. Google IS the government Is it better that one large and corrupt team of software engineers can access our DMs and see our junk, or multiple smaller ones? Only time will tell. He does not have the right to dictate how other people run their companies. He does not have the right to dictate how other people do anything.
La source: ABC - 🏆 471. / 51 Lire la suite »

The trade war may be just getting started, but the market damage is already doneWall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade. BobPisani 2% drop for crying out loud. BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...
La source: CNBC - 🏆 12. / 72 Lire la suite »