Is Your Algo Working Against You?
Portfolio managers have historically told clients to participate at a specific percentage of volume, or POV, usually 10, 15 or 20%. But as markets have evolved, these rates can be too high, meaning you run the risk of signaling your intentions to others. Swapping a POV strategy for a more intelligent algo, such as Capture, can help you execute with less impact and less reversion. For the full story, Puneet Pardasani explains.
This content is not research and was not prepared or reviewed by employees within BofA Merrill Lynch Global Research.