Carolina Trujillo

How a review to the FX Global Code is likely to impact on algos

December 2023 in Market Watch

With the latest FX Global Code survey having been recently completed ahead of the three-year review coming up in early 2024, we asked Carolina Trujillo, Head of e-FX Distribution at SEB, to reflect on what the latest review has contributed in terms of algos and whether any more could be done to further enhance transparency and improve information sharing with users.

Both the algo and TCA template introduced under the last FX Global Code review were highly beneficial and have contributed to more informed discussions and questions from our clients. In particular, the way it has generalised some quite specific and advanced concepts would not have been reached without the standards and the recommendations to publish such information. Having algo disclaimers on your website is an excellent start, but we should not expect clients to browse through their liquidity providers websites. Both the algo and TCA template introduced under the last FX Global Code review were highly beneficial and have contributed to more informed discussions and questions from our clients. In particular, the way it has generalised some quite specific and advanced concepts would not have been reached without the standards and the recommendations to publish such information. Having algo disclaimers on your website is an excellent start, but we should not expect clients to browse through their liquidity providers websites.

Both the algo and TCA template introduced under the last FX Global Code review were highly beneficial and have contributed to more informed discussions and questions from our clients. In particular, the way it has generalised some quite specific and advanced concepts would not have been reached without the standards and the recommendations to publish such information. Having algo disclaimers on your website is an excellent start, but we should not expect clients to browse through their liquidity providers websites.

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