This is an interesting read ICYMI.
- Goldman Sachs announced the launch of Sonar Dark X, the newest algorithm on its Atlas equities trading platform.
- is designed to maximize non-displayed liquidity capture and minimize price impact
- The new algorithm also uses Goldman Sachs’ Liquidity Shield logic, which is designed to reduce parent order information leakage while seeking invisible liquidity, by balancing the liquidity quality and capture objectives throughout the life of the order by dynamically adjusting among distinct combinations of venue segments, minimum execution quantities and spread allowances.
Info comes via here, and here.
Yikes.
