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Liquidnet Adds Algo Ranking to MiFID II Service in Europe

Liquidnet has extended its algo ranking model in Europe as part of the Virtual High Touch MiFID II service, according to a story in The Trade news. The algo ranking technology - which is already available in the US - profiles orders to rank execution strategies in real-time based on order characteristics, trading objectives, market conditions and performance targets. It then ranks Liquidnet’s Next Gen Algos according to performance, fill rate and a combination of both, before it is presented to the user for selection. The tool was developed to support best execution requirements under MiFID II and is the latest addition to Liquidnet’s Virtual High Touch service in Europe. Last month, Liquidnet confirmed its acquisition of artificial intelligence powered buy-side decision support and analytics provider, OTAS Technologies. OTAS’ analytics tool will be integrated with Liquidnet’s Virtual High Touch trading platform to improve decision making for the buy-side.

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