Wolverine Execution Services (WEX) Launches New VWAP Algorithms That Utilize WEX Best X Algorithm Logic
CHICAGO, IL — (Marketwired) — 08/14/13 — Wolverine Execution Services (WEX), a leading provider of value added execution services, today announced the launch of the WEX VWAP and WEX Basket VWAP algorithms. Both algorithms utilize WEX Best X logic that seeks to minimize market impact and price slippage. WEX VWAP and Basket VWAP timeframes can be set to as little as 5 minutes or as long as the entire trading day. They do not require other user-defined parameters and settings, eliminating the n