basic doubt

[vineet]

What exactly will be the difference between a trading algorithm and a execution strategy ?

The following listed below:
Close, Spread (Pairs) Trading, Crossing, Slicer, Cap/Floor Price, Discretion, Pegging, Delta Hedge, Gamma Hedge, Small Order, Percent of Volume, Long/Short, Risk Arbitrage, Statistical Arbitrage, Index Arbitrage, Arrival Price, Order Staging Model, Sensitivity, TVOL, TWAP, VWAP

please highlight on the fact that what these above mentioned will be called.
evaluation criteria , a strategy or an algorithm

 

[Bernard]

Algo TYpes

Exec algos take a large order and search for liquidity in dark pools and try to minimize market impact by breaking up the order.

The other style has no trade in mind when starting, but looks at the historical and realtime data and the models it has, looking for trading opportunities.

There are no industry standard terms for each, but are understood in context.

Hope that helps.
B