Trading & Execution

Algorithmic execution, built into the platform

Work large orders without moving the market. ZagTrader's execution algorithms — VWAP, TWAP, POV and iceberg/concealed — slice parent orders into intelligently scheduled child orders, route them over FIX, and aggregate the fills back in real time.

Book a Demo Trading & Execution overview

Who it's for

Broker dealing desks working client and house orders
Asset managers reducing implementation shortfall
Market makers and prop desks
Institutions executing large or illiquid positions

What it solves

Large orders that move the market and leak intent
Manual, screen-by-screen working of big positions
Inconsistent execution quality versus VWAP/TWAP benchmarks

Built on the ZagTrader platform

Trading & Execution Smart Order Routing FIX Connectivity Risk & Compliance

The algorithm suite

Benchmark, schedule, participation and hidden-size strategies — on the same multi-asset platform as the rest of your trading.

VWAP

Volume-Weighted Average Price

Slices a large order across the session to track the volume-weighted average price, releasing more when market volume is higher and less when it's thin — so your average fill benchmarks to VWAP with minimal footprint.

TWAP

Time-Weighted Average Price

Spreads execution evenly over a defined time window, releasing child orders at regular intervals. Predictable, low-impact execution that is independent of short-term volume spikes.

POV

Percentage of Volume / Volume Participation

Keeps your execution at a target percentage of real-time traded volume — speeding up when the market is active and easing back when it slows, so you stay a controlled share of the flow.

Iceberg / Concealed

Hidden-size order

Shows only a small 'max-floor' slice to the market while the full order size stays hidden, replenishing automatically as each slice fills — work large size without revealing your hand.

How it works

Automated parent / child slicing

Place the full quantity as a parent order; the engine generates and manages the child orders for you, on a time- or volume-driven schedule.

Routed over FIX, fills aggregated live

Child orders route to the market through the platform's FIX gateway; executions stream back and aggregate to the parent in real time for a single, clean view.

Risk-checked and fully audited

Algos run inside the same pre-trade risk, limits and surveillance framework as every other order, with a complete audit trail — and work alongside A-book/B-book and smart order routing.

Configurable strategies & bulk deployment

Strategies are enabled and tuned per desk, and can be deployed in bulk from templates so a trading desk can run algos across many names at once.

Execution algorithms complement the platform's broader order toolkit — market, limit, stop, stop-limit, IOC/FOK, GTC/GTD, basket / program trades, and conditional triggers.