The global currency market now exceeds $5 trillion-a-day in executed notional value. 80% of that total turnover is electronically traded. And this is still increasing. Some bulge brackets have recently reported volume records for algo orders executed as a percent of total spot turnover. Trading platform EBS estimates that 70% of its order flow now originates from algorithms. Algorithms and computerized modeling have played a growing role in the foreign exchange markets over the past decade. But something has changed. A more The global currency market now exceeds $5 trillion-a-day in executed notional value. 80% of that total turnover is electronically traded. And this is still increasing. Some bulge brackets have recently reported volume records for algo orders executed as a percent of total spot turnover. Trading platform EBS estimates that 70% of its order flow now originates from algorithms. Algorithms and computerized modeling have played a growing role in the foreign exchange markets over the past decade. But something has changed. A more
The global currency market now exceeds $5 trillion-a-day in executed notional value. 80% of that total turnover is electronically traded. And this is still increasing. Some bulge brackets have recently reported volume records for algo orders executed as a percent of total spot turnover. Trading platform EBS estimates that 70% of its order flow now originates from algorithms. Algorithms and computerized modeling have played a growing role in the foreign exchange markets over the past decade. But something has changed. A more
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