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Credit Suisse executes first P2P algo trades on Siege FX

Evangelos Maniatopoulos, Global Head of AES FX Product & Trading at Credit Suisse, says that the team has built a bespoke trading component that seamlessly empowers clients to access Siege FX P2P liquidity through the AES FX execution strategies. He adds the implementation is flexible and allows for optionality in...

GFXC finds widespread support for FX algo cover sheets

Ahead of its most recent meeting in December, GFXC members received papers prepared by the working groups for each of the focus areas of the review of the FX Global Code, which includes the area of algorithmic trading. GFXC Chair, Guy Debelle, says: “The review of the Code is progressing...

Redline trading introduces Algo Trader for FX

Redline Algo Trader for FX offers buy-side traders customizable execution algos that are designed to efficiently execute orders, minimize market impact, and protect order intentions from being exposed to the street. Algo Trader for FX is a broker-neutral solution that gives clients full control over their individual liquidity pool. It is...

XTX Markets launches FX execution algorithm

XTX Markets has released a principal FX algo called the XTX Markets Execution Algo. The new strategy is an implementation shortfall execution algorithm that aims to reduce overall slippage to arrival price. According to XTX Markets, it is a single algorithm stripped down to its essential features, with an intuitive...

Over one-third of users expect to increase FX algo use

Nearly a quarter of FX investors increased their use of algos during the Covid-19 crisis and an even bigger share, some 38%, say they plan to increase their use of algos as a result of their experience. The findings, which form part of the Greenwich Associates report, “Ad hoc responses...

Virtu offers TCA for FX algos

Virtu Financial, Inc. has announced the continued expansion of its global TCA offering with the launch of a new analytics product dedicated to FX algorithmic execution. As consumers of its own products, Virtu incorporates first-hand learning into its analytics tools that are designed to assist clients in analysing their trading...

Credit Suisse unveils range of FX NDF algos

Credit Suisse has expanded its Advanced Execution Services (AES) FX offering to include NDF algos across a range of currency pairs in the APAC and LATAM markets. According to the bank the launch covers the full AES FX suite, enabling clients to benefit from a range of NDF execution algorithms,...

Barclays launches NDF algos on BARX

Barclays has announced the launch of new non-deliverable forwards (NDF) algorithms on the BARX electronic trading platform. The NDF algorithms are the latest addition to the BARX GatorTM algorithm suite for FX trading. BARX GatorTM is Barclays electronic order execution channel which combines liquidity available on external venues with BARX...

HSBC launches NDF algo suite

HSBC has begun offering flexible algorithmic trading on a range of emerging market NDF currency pairs. The new service, called the NDFlex Algorithmic Suite, launched in July and covers the key NDF pairs of US Dollar versus IDR, INR, KRW, PHP and TWD. The NDFlex Suite offers flexible value dates...

Societe Generale adds FX algos to SG-Markets

Societe Generale has made a number of enhancements to its FX algo suite in recent months, including making its FX algos available through its single-dealer platform, SG-Markets. In addition, it has recently begun offering clients the ability to switch their algo strategy while the algo is mid-flight, allowing clients the...

Deutsche Bank’s algo clients reap benefit of Market Colour app

Deutsche Bank has reported that its Seismometer tool, available as part of its re-launched Market Colour application, supported FX algo clients by helping to identify periods of market stress in March’s volatile trading environment.  “One of the reasons why it’s useful for clients who are trading with algos is that...

JP Morgan sees surge in adaptive FX algo use

JP Morgan has revealed a strong preference among clients for its float algo and other adaptive FX algo types even during the heightened levels of FX volatility caused by the market reaction to Covid-19. According to Andrew Cole, FX Algo Product Manager at J.P. Morgan, the float algo had already...
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