FX Algos set to proliferate

A new report from Greenwich Associates has found that approximately 20% of institutional foreign exchange trading volume is now executed via algos, and FX is likely to move steadily in the direction of equity markets, in which “algos” account for more than half of trading volume. “With all of the data available demonstrating the benefits and cost savings, the ability to execute a trade with an algo will soon become a ‘need’ as opposed to a ‘nice to have’,” says A new report from Greenwich Associates has found that approximately 20% of institutional foreign exchange trading volume is now executed via algos, and FX is likely to move steadily in the direction of equity markets, in which “algos” account for more than half of trading volume. “With all of the data available demonstrating the benefits and cost savings, the ability to execute a trade with an algo will soon become a ‘need’ as opposed to a ‘nice to have’,” says

A new report from Greenwich Associates has found that approximately 20% of institutional foreign exchange trading volume is now executed via algos, and FX is likely to move steadily in the direction of equity markets, in which “algos” account for more than half of trading volume. “With all of the data available demonstrating the benefits and cost savings, the ability to execute a trade with an algo will soon become a ‘need’ as opposed to a ‘nice to have’,” says