Meeting buy-side demand for algo trading in FX forwards

June 2023 in Previous Features

Algorithmic execution has come a long way in foreign exchange, but it is still largely confined to the spot market, despite rising demand for forward algos. Joel Clark reports.

Patrick Fleur “Algos for forwards would allow us to execute in a more automated, rule-based fashion with straight-through processing, which meets regulatory and client wishes more than the current situation.” Ceding control of the execution of a trade to an algorithm developed by a bank or technology provider is a leap of faith for any buy-side firm, so it is only natural that such practices should start off in the simplest and most liquid markets. In foreign exchange, that means spot, Patrick Fleur “Algos for forwards would allow us to execute in a more automated, rule-based fashion with straight-through processing, which meets regulatory and client wishes more than the current situation.” Ceding control of the execution of a trade to an algorithm developed by a bank or technology provider is a leap of faith for any buy-side firm, so it is only natural that such practices should start off in the simplest and most liquid markets. In foreign exchange, that means spot,

Patrick Fleur “Algos for forwards would allow us to execute in a more automated, rule-based fashion with straight-through processing, which meets regulatory and client wishes more than the current situation.” Ceding control of the execution of a trade to an algorithm developed by a bank or technology provider is a leap of faith for any buy-side firm, so it is only natural that such practices should start off in the simplest and most liquid markets. In foreign exchange, that means spot,

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