May 2024



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In this issue

Exploring the role of internalisation
in FX algo execution performance

Internalisation as a concept has shifted in perception among the FX community, moving from a poorly understood offering to becoming a sought after value added service,

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FMSB issues SoGP for applying
model risk managment frameworks to algos

The Financial Markets Standards Board (FMSB) has shared its final Statement of Good Practice (SoGP)

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The evolution of algorithm use in
FX swaps

The introduction of electronically traded FX swaps is a significant development for the wider FX industry as a whole and one that opens up the potential for FX swaps algos going forward

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Understanding internalisation and realising
its benefits

Users of FX Execution Algos are becoming increasingly interested in their providers’ internalisation rates, as the buy-side seeks to optimise performance and differentiate between available offerings. It is crucial to understand the details behind headline internalisation rates to ensure best outcomes.

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Upgrading an FX algorithmic engine
architecture

In this article we explore how MAN Group leveraged Aeron’s Open-Source technology to improve the latency of our firms FX Execution System.

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Understanding and accessing Order Stitching
in TCA

Order Stitching can play a significant role in optimizing trading strategies (including FX) and evaluating their performance accurately.

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Stark: Taking FX algo execution to the
next level

Vittorio Nuti, head of the Segregated Algo execution at Deutsche Banks’ Foreign Exchange and Listed Derivatives divisions, tells us more about Stark

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