NEW YORK, April 17, 2015 /PRNewswire/ -- DASH Financial, a leading Institutional agency broker devoted to bringing unfettered transparency to the US options and equities markets, announces the debut of BLITZ, its newest trading algorithm focused on aggressive liquidity capture. Initially, BLITZ is exclusively available via the REDIPlus® trade management platform.
"One of the biggest issues facing the marketplace today is institutional traders' inability to clear the screens as displayed on order arrival," said David Karat, Head of Sales & Marketing at Dash Financial. "BLITZ aggressively sweeps displayed and hidden liquidity with sub 25 microsecond internal order processing. As with all of our algorithms, we provide complete transparency into all rationale for order routing decisions and fees to the client in real time at the child-order level through our web-based Dashboard."
"Our technology enables clients to easily configure our algorithms and routers to achieve their goals, whether that is fee mitigation, aggressive liquidity capture or somewhere in between. Understanding the complexities of market microstructure is particularly important when liquidity capture is the primary objective and BLITZ' architecture helps our clients achieve that goal in an efficient and thorough manner," said Peter Maragos, CEO of Dash Financial. "In addition, making Blitz available through REDIPlus completes our recent roll out on their platform."
Sean Sullivan, Chief Revenue Officer at REDI, added, "We've consistently been impressed with Dash's technology performance, service level and above all commitment to transparency, which align 100% with our values as a firm. We are proud to build on our partnership with Dash to be the first platform to roll out this innovative new strategy."
About DASH Financial
Dash is a technology and services company operating as a pure agency broker-dealer and is a member of all US Equity and Option exchanges, NSCC and OCC. Dash provides transparent and flexible execution solutions to enable its clients to execute equities and options. Established in 2009, with offices in New York, Chicago and San Francisco, Dash provides elegant solutions to the more complex problems surrounding Strategy, Execution, and Analytics.
About REDI Global Technologies
At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers.
Through our modular, end-to-end trade management platform, REDIPlus®, you can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of almost 150 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users.
REDI was among the industry's first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors - Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital - we're building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community.
SOURCE DASH Financial