In addition to the growth of FX algos deployed on primary CLOBS, the BIS Working Paper Banks notes that, due to the role that such platforms play in the market, algorithmic trading has also had an important impact on price discovery in FX. Furthermore, the paper adds that execution algorithms are now also being used directly by some of the more sophisticated customers in the FX market and that these users “increasingly rely on smart order routing and execution algorithms In addition to the growth of FX algos deployed on primary CLOBS, the BIS Working Paper Banks notes that, due to the role that such platforms play in the market, algorithmic trading has also had an important impact on price discovery in FX. Furthermore, the paper adds that execution algorithms are now also being used directly by some of the more sophisticated customers in the FX market and that these users “increasingly rely on smart order routing and execution algorithms
In addition to the growth of FX algos deployed on primary CLOBS, the BIS Working Paper Banks notes that, due to the role that such platforms play in the market, algorithmic trading has also had an important impact on price discovery in FX. Furthermore, the paper adds that execution algorithms are now also being used directly by some of the more sophisticated customers in the FX market and that these users “increasingly rely on smart order routing and execution algorithms
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