What sets RBC’s FX algo suite apart from the competition? RBC algos are primarily designed to adapt to liquidity conditions in real-time which helps avoid the risk of overfitting to historical data. A key differentiator is our proprietary Limit Order Model (patent pending), which intelligently optimises order placement across the liquidity landscape to help achieve […]
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 […]
The report, titled: FX Spotlight: Buy-side traders focused on best ex, algos and Non Bank Liquidity Providers (NBLPs), is based on the findings from interviews conducted with buyside FX traders in a bid to better understand their use of technology, dealer relationships and other market structure trends. Among the key trends identified is the new […]
For years, the conversation surrounding FX execution algorithms was dominated by workflow improvements. For the buy-side, the primary goal was operational efficiency. Trade Cost Analysis (TCA) in the beginning was just another TLA (three letter acronym). However, we have entered a new era. The market is no longer satisfied with simply flying autopilot on an […]
It is now very easy for algos to be considered a ‘cure-all’ for effective FX execution, but understanding the role of human input in this process is actually one of the most important considerations when looking at how to optimise algo use, says Preston Mesick, Global Head of FX Algos at Barclays. He adds that […]
