Growth of FX algo trading offers room for innovation

When we talk to FX market participants in the Americas algo trading is a topic that frequently comes up, even though — relatively speaking —the adoption of these tools is not that widespread. Estimates of how much FX trading globally occurs via algos vary widely, but perhaps the last authoritative one came from the Bank of International Settlements (BIS) back in 2020 in a report which estimated that between 10- 20% of the Spot market (or $197bn-$396bn in daily notional When we talk to FX market participants in the Americas algo trading is a topic that frequently comes up, even though — relatively speaking —the adoption of these tools is not that widespread. Estimates of how much FX trading globally occurs via algos vary widely, but perhaps the last authoritative one came from the Bank of International Settlements (BIS) back in 2020 in a report which estimated that between 10- 20% of the Spot market (or $197bn-$396bn in daily notional

When we talk to FX market participants in the Americas algo trading is a topic that frequently comes up, even though — relatively speaking —the adoption of these tools is not that widespread. Estimates of how much FX trading globally occurs via algos vary widely, but perhaps the last authoritative one came from the Bank of International Settlements (BIS) back in 2020 in a report which estimated that between 10- 20% of the Spot market (or $197bn-$396bn in daily notional