August 2024



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In this issue

Transparency in FX Algos: How much is enough?

Increasing buy-side sophistication in electronic trading practices continues to fuel the demand for greater transparency from FX Algos. Much of what was once accepted as a “black box” is now expected to be disclosed. Alongside this evolution of client knowledge, FX Algos are becoming increasingly complex – the need for clear communication and understanding between […]

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Strategies & Tactics: Discussing ways
to improve FX algo trading outcomes

The Coalition Greenwich report, Corporate FX Trading—The Value of Relationships and Execution Quality compares practices between corporates and asset managers, discussing how the shift to electronic trading and digital innovation is transforming corporate FX trading. “In an age of digital innovation companies who are not giving FX the attention it deserves could be leaving real […]

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Exploring the benefits of all-to-all dark
midmatching in algo FX execution

Why are dark pools of liquidity becoming more meaningful for algo FX execution teams?  The short answer is that we are seeing increased participation, a surge in matching success and trade volumes, so the flywheel is accelerating. With match rates in excess of 30%, the Siege MidPool is now a meaningful source of liquidity and […]

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LSEG FX unveils USPs
behind FX algo strength

What are the key trends or changes in demand for access to execution algos and related tools, particularly those that have emerged in the past year? Clients increasingly need the ability to execute larger trades by placing FX algo orders that minimise market impact by optimising execution quality, distributing the overall notional amount leveraging their […]

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The Goldman Sachs FX basket algo:
An extremely complex beast.

GENERAL OVERVIEW:  What is the FX algo called?  Basket Algo, Goldman Sachs’ unique portfolio algo, for intelligent simultaneous execution of multiple currency pairs What category does it fall into? A very exclusive category (in FX) of portfolio algos, and the first algo of its kind industry-wide. Basket algos are common-place in equities, but surprisingly exclusive […]

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Toronto Head Trader Dinner:
Tackling the big questions in FX

The Finance Hive, in partnership with 360T, hosted a group of senior figures from the Canadian buy side community at the latest in a series of Head Trader Dinner events held in Toronto. As part of the event, the attendees held an in-depth roundtable discussion touching on some of the biggest

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