Societe Generale, the French investment bank, says that its new “relative value” algorithm will give fund managers the ability to change their participation to a stock’s performance relative to an underlying index.

The new algorithm, which the bank says is available on most trading platforms and through a FIX engine, can notify fund managers when a stock price does not follow the performance of its underlying index. That information will allow SocGen’s clients to increase or decrease their participation. The

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