Pieter Oudshoorn

How buyside expectations of FX execution algos are rapidly evolving

May 2026 in Buyside Perspectives

Over the past decade, FX execution algos have shifted from a niche capability to a core component of institutional trading workflows. But as adoption has matured, the expectations of the buyside have evolved just as quickly. Today, asset managers, pension funds and hedge funds no longer view FX algos as simple execution tools. Instead, they expect integrated, intelligent solutions that can deliver measurable performance, transparency and workflow efficiency. In this article Pieter Oudshoorn, working in FX Sales for European Financial Institutions at NatWest Markets, digs a little deeper into the factors that are influencing these developments.

Early adoption of FX algos focused on basic access. For example can the provider offer TWAP, VWAP and liquidity-seeking strategies? The question has shifted to can the provider show that these algos improve outcomes? How have providers responded to that? At NatWest Markets, we are placing a strong emphasis on demonstrating measurable improvements in execution outcomes. To support this, we have invested heavily in performance measurement frameworks, combining internally developed MIS capabilities with external analytics providers such as TradeFeedr. These Early adoption of FX algos focused on basic access. For example can the provider offer TWAP, VWAP and liquidity-seeking strategies? The question has shifted to can the provider show that these algos improve outcomes? How have providers responded to that? At NatWest Markets, we are placing a strong emphasis on demonstrating measurable improvements in execution outcomes. To support this, we have invested heavily in performance measurement frameworks, combining internally developed MIS capabilities with external analytics providers such as TradeFeedr. These

Early adoption of FX algos focused on basic access. For example can the provider offer TWAP, VWAP and liquidity-seeking strategies? The question has shifted to can the provider show that these algos improve outcomes? How have providers responded to that? At NatWest Markets, we are placing a strong emphasis on demonstrating measurable improvements in execution outcomes. To support this, we have invested heavily in performance measurement frameworks, combining internally developed MIS capabilities with external analytics providers such as TradeFeedr. These

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