Taps Closing Liquidity with Greater Precision NEW YORK, Feb. 6, 2013 /PRNewswire/ -- ITG (NYSE:ITG), an independent execution and research broker, today announced the release of the new ITG Dynamic Close Algorithm. ITG Dynamic Close empowers traders to tap the sizeable liquidity available in the NYSE and NASDAQ closing auctions in a more precise manner than competing algorithms. Unlike other algorithms, ITG Dynamic Close Algorithm recognizes that the majority of auction impact occurs at the imbalance announcement and it intelligently pursues open market liquidity in the pre-cutoff period. (Logo: http://photos.prnewswire.com/prnh/20120123/NY39237LOGO ) ITG Dynam...
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