eVWAP Description
Developed by Universal Trading Technologies Corporation, Inc. (UTTC?), the fully automated, pre-market opening eVWAP? trading system permits you to buy, sell, or short-sell (tick test exempt) stocks at that day's true volume weighted average price (VWAP). The eVWAP? trading system is an electronic securities pricing and transaction facility of the Philadelphia Stock Exchange (PHLX) for anonymously trading large blocks (5,000+ shares) of securities.
Absolute trade confidentiality, zero market impact and matching efficiency are among the many characteristics that make eVWAP? unique. Approved by the Securities and Exchange Commission (SEC), our fully automated eVWAP? trading system protects the participant's identity, orders, transactions, and residuals (if any), all the way through T+3 trade settlement. No other trading system provides this degree of electronic end-to-end anonymity.
Designed for institutions and financial intermediaries, the eVWAP? trading system is totally electronic, and easy to use. The system is complementary to your other trading tools and maintains your existing brokerage and clearing relationships ? including the ability to designate one or more introducing brokers to meet your existing commitments. Depending on your needs, the eVWAP? trading system can be added simply as an icon on your current trading terminal or provided through your PC. |
