Algorithmic Order Sample Clauses

Algorithmic Order. 2.7.1. An Algorithmic Order is an order executed by an automated strategy according to specific parameters or conditions. Algorithmic Orders are intended to minimize the market impact created from placing larger orders or Registered Address: Office 000, Xxx Xxxxxx Xxxxxx Xxxxxx Xxxxx, Xxxxxx X00 0XX| XX Registered in England & Wales, Company Number 07604372 Version 2 – 03rd July 2020: Customer Agreement for Professional and Eligible Counterparty Clients page 84 achieving a recognized trading benchmark such as VWAP etc. The orders can also be used to follow a volume participation or in general to achieve a better overall execution.
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