Benchmarking algos
TWAP
An algorithm that targets the time-weighted average price (TWAP) benchmark and strives to minimize slippage against it.
VWAP
An algorithm that targets the volume-weighted average price (VWAP) benchmark.
POHV
This algorithm participates in the market passively, based on the percentage of historical volume (POHV) in the traded currency pair.
Execution optimisation algos
MAKE
A passive liquidity providing algorithm that will never cross the mid-price.
TAKE
An algorithm meant for urgent but smart execution.
SWEEP
The Sweep algorithm uses the smart order routing logic to take liquidity aggressively. Sweep gathers all the available liquidity from first and last-look ECNs. The algorithm evaluates these sources dynamically to find an optimal allocation between the available liquidity sources.