Manages the trade-off between market impact and risk vs closing price.

This is one of Precision’s unique offerings under IS framework. By utilizing Precision’s proprietary market impact models for both continuous session and closing auction session, it seeks to minimize market impact cost while targeting the closing price with user specified tolerance. Depending on the comparative market impact on both sessions, the share allocation is determined. A trader doesn’t need to specify the target auction percentage. The starting time of the execution is also determined by the algo without user’s input.