In the paper, Digitization Delayed: Why Algos Aren’t More Popular in FX, Greenwich Associates found that prior to the crisis, just 37% of market participants were using FX algos and even then were only using algos to execute 22% of their trading volumes. This is despite virtually all FX market participants now trading electronically, according to the findings. FX algo execution was less than half that of the uptake in DMA, smart order routing or algorithmic execution by the equities In the paper, Digitization Delayed: Why Algos Aren’t More Popular in FX, Greenwich Associates found that prior to the crisis, just 37% of market participants were using FX algos and even then were only using algos to execute 22% of their trading volumes. This is despite virtually all FX market participants now trading electronically, according to the findings. FX algo execution was less than half that of the uptake in DMA, smart order routing or algorithmic execution by the equities
In the paper, Digitization Delayed: Why Algos Aren’t More Popular in FX, Greenwich Associates found that prior to the crisis, just 37% of market participants were using FX algos and even then were only using algos to execute 22% of their trading volumes. This is despite virtually all FX market participants now trading electronically, according to the findings. FX algo execution was less than half that of the uptake in DMA, smart order routing or algorithmic execution by the equities
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