Scotiabank Algorithmic Suite

Direct Market and Algorithmic Access

Scotiabank’s algorithmic trading platform has evolved over the past 11 years. Originally designed to put advanced tools in the hands of Scotiabank’s internal trading desks, our algo suite is now offered to institutional clients through a variety of EMS and OMS platforms.

Our algo suite is built on a multi-level structure with a market-aware, and technically-advanced engine that enhances execution based on order and market-specific parameters.

Information
Trader Toolkit Schedule
Peg&Seek Flags for Canada and USA
A flexible algo order type with the option to turn on any combination of the dark, take, and peg/penny functionalities. May optionally seek specified minimum size liquidity in dark/lit markets.
VWAP Flags for Canada USA Mexico and Brazil
(Volume Weighted Average Price)
Works the order over the specified time period, finishing at the end time unless constrained by a price or volume limit. VWAP weights its schedule according to historical volume distributions.
Take Flags for Canada USA Mexico and Brazil
Does not book orders but will send fill or kill orders to pick up any available shares at its trigger price or better.
TWAP Flags for Canada USA Mexico and Brazil
(Time-Weighted Average Price)
Works the order over the specified time period, finishing at the end time unless constrained by a  price or volume limit. TWAP spreads the trade evenly over the period.
Participate Adapt
POV Flags for Canada USA Mexico and Brazil
(Percentage of Volume)
Trades a set percentage of the non-block volume.
WorkIt Flags for Canada and USA
Scales its rate of trading with market volume and relative price movements.
MPOV Flags for Canada and USA
(Multiple Percentage of Volume)
Trades ranges and percentages of the non-block volume.
AP Flags for Canada USA Mexico and Brazil
(Arrival Price)
Continuously adapts to evolving market conditions while targeting arrival price.
  Dark Smart Flags for Canada and USA
Places the order across Canadian and US dark liquidity sources and dynamically re-balances across venues as fills are received

Contacts

For further information, please contact:

SALES

Canada

T 416.945.4757
T 866.678.7810

US

T 212.225.5540
T 888.346.6922