SEB launches FX algo trading on Bloomberg and FXall

SEB has started offering FX algos through the multibank portals Bloomberg and FXall, becoming the first Scandinavian bank to do so.

SEB launches FX algo trading on Bloomberg and FXall
Svante

SEB has started offering FX algos through the multibank portals Bloomberg and FXall, becoming the first Scandinavian bank to do so. 

According to SEB, clients will have direct access to multiple diverse liquidity pools that they would not be able to access without algos.  Clients can now place their orders directly through the newly created portal, FX Algos. SEB’s offering covers a range of customisable algorithms, from passive to aggressive, including execution evaluation with a TCA report. 

“We see our algorithmic execution products as an important complement to our existing market-making services and are looking forward to supporting our clients across their diverse execution requirements,” says Svante Hedin, co-head of trading at SEB.