Flexibility - Mean-reversion or momentum factors can be added
to any standard algo to more fully express a view on a stock.
Unique Liquidity - Merrill Lynch’s unique access to
liquidity creates hybrid strategies.
Extensive R&D - Merrill Lynch’s comprehensive development
team continuously models market microstructure for incorporation
into the algos in the form of limit order placement, impact decay,
volume and volatility forecasting models.
| Strategy |
Description |
| |
| Clock |
Time-Weighted Average Price
|
| |
| POV |
Targets a percentage of volume |
| |
| VWAP |
Volume-Weighted Average Price
|
| |
|
