Lime Furthers Algo Partnership With BestEx Research : vimars

Lime Furthers Algo Partnership With BestEx Research


Traders Magazine
Lime customers will benefit from customized equity execution algo products
NEW YORK (May 6, 2021) — Score Priority Corp. (“Score Priority”), a financial services organization for the retail and institutional trading community, today announced the furthering of its existing partnership with BestEx Research, a provider of execution algorithms. Lime’s customers — including systematic traders, proprietary trading groups, asset managers, and other financial institutions — will have access to BestEx Research’s growing suite of equity execution algos, customized to fit their unique needs.
“We go much further than anyone else in minimizing execution slippage”, said Hitesh Mittal, Founder and CEO of BestEx Research. “Our order placement logic models the volatility, liquidity, spread and depth of each stock to maximize spread capture and minimize adverse selection and market impact. Unlike most brokers who offer heuristic-based algorithms, we build our algorithms using a systematic approach, backtesting them against months of tick data and refining them before they trade a single order.”

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