Societe Generale has made a number of enhancements to its FX algo suite in recent months, including making its FX algos available through its single-dealer platform, SG-Markets. In addition, it has recently begun offering clients the ability to switch their algo strategy while the algo is mid-flight, allowing clients the flexibility to optimise their execution style. Loïc Bourgeois Ducournau, e-FX Liquidity Sales at Societe Generale, explains that this enables experienced algo users to optimise their execution according to the market conditions on the day and during the execution.
“This means that if a client has a large order, for example, they might want to start with a very passive executions strategy, such as our stealth algo Nightjar,” says Bourgeois Ducournau. “But then if they are happy with 95 percent of the execution, the client could choose to switch to an aggressive algo, such as Falcon, to finish the execution very quickly for the remainder of the order. Or on the other hand, if a client starts with our TWAP or a Falcon algos but is not happy with the execution, they can always switch to something much more passive.”