The main driver behind ANZ’s FX algo offering has always been the unique liquidity the bank is able to offer, says Thorne. “While most algos are really based around a TWAP-style execution, the benefit of the ANZ Client Algo is really about access to our liquidity,” he adds. As a result of client interest in […]
According to the recent Algorithmic Trading Survey 2021 conducted by Aite Group and published in The TRADE, traders turned to tried and tested algo strategies in times of market volatility. The rise of foreign exchange algorithms has grown over the years, particularly in spot FX trading, where minimizing spreads paid and reducing market impact translate […]
How have your FX algos and associated toolsets been performing in light of the current market environment? We see ever greater quantities of our eFX Spot volume being executed algorithmically, which is reflective of clients’ increased trust in the robustness and consistency of our algo offering. The trend has continued in recent weeks. With regards […]
As the FX algo market takes stock of the lessons learnt so far during the Covid-19 crisis, Tom Appleton and Nicholas Prezioso, Co-Heads of FX Algo Execution at Crédit Agricole CIB (CACIB) share how the bank is further enhancing its FX algo offering to meet the evolving needs of clients. Can you share any new […]
Neil McClements, eFX Sales EMEA and Zachary Felshman, eFX Sales Americas explain why the focus on transparency and ensuring the client is in control is increasingly important given the current market conditions. The new FX algo strategies and enhancements were made in response to RBC Capital Markets’ clients, who have been expressing their interest in […]
As the competitiveness in the electronic pricing of NDFs becomes more proficient, Edgewater Markets has noted an increasing demand for greater customisation of applied algos and workflows. According to Brian Andreyko, Chief Product Officer at Edgewater Markets, the utilisation of algos to improve execution quality and limit market impact in a fragmented marketplace such as […]
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 principal liquidity. The channel now […]
UBS has made a number of significant enhancements to its hugely successful algo, UBS Float, both in how it works and the logic behind it. Christian Gressel, Head of FX Algo Trading, UBS explains how this will further help clients achieve the best outcomes using FX algo execution. The UBS Float algo has always been […]
Analysis by Credit Suisse of its Advanced Execution Services (AES®) FX execution performance data during the volatile market conditions in March has provided further insights as to why working an order should increasingly be considered by FX traders during a crisis, it says. During the volatile market conditions, both the AES FX algo and eFX […]
With regards to volatility, FX has had a relatively quiet period since 2016. As market volatility increased in February (EURUSD moved 776bps (859pips) from a high of 1.1495 on 9th March to a low of 1.0636 on 23rd March) my initial thought was clients would prefer immediate execution certainty provided on a risk transfer basis. […]
