ANZ has revealed details of three new FX algo strategies which it will make available to clients over the coming weeks. The new additions are a passive algo, a pegging algo and a stop limit strategy, alongside the existing Twap and a dynamic algo, which was introduced to the algo suite last year. “ANZ has a unique position in the market in terms of liquidity access, so it made a lot of sense for us to build out our algo suite internally. Our algo developments are driven by customer demand with a strong focus on keeping the overall algo suite quite simple while providing enough functionality to ensure clients are able to make the best of our liquidity franchise.” says David Thorne, Head of eFICC Europe and America at ANZ. Joel Marsden, eFX Senior Currency Trader, adds: “Our algos have been built around customer need, such as our multinational corporate clients. As the market has progressed, our algo clients are more sophisticated and are now looking for different objectives when using algos for their execution. We have further developed our infrastructure, algo builds and related functionality to meet these changing needs.”
