Here is some information on VIFI. They supposedly just bought the brokerage division of the company. This company has never shown a profit, was IPO'd by the mob boiler room, has a sordid history and past. I believe this is just a paper fluff deal for some PR. http://www.mary.cc/astn
Can anyone speak to the quality of VIFI's trading algorythms? VWAP and similar services command nice premiums to typical commissions in the market. This could have a nice impact on PJC's trading business.
product is not effective for client or even company selling service. Check out their financials, SEC docs and the dd site. This company will lose money if they try to sell vwap. This is also eVWAP, not VWAP.