Tora Targets Best Execution with AI-Powered Algo Picker
AlgoWheel will use machine learning to determine best method of execution.
The platform takes information from Tora’s existing post-trade transaction-cost analysis (TCA) tool, feeding it into its new pre-trade TCA engine. From there, it uses artificial intelligence (AI) functionality built into the system to evaluate the appropriate method of execution using similar historical activity as a benchmark.
“We have a dataset of historical transactions that Tora collects and processes via the execution management system functionality that we have, then we have a TCA engine
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