TradeTech FX poll finds buy side use of FX algos now at 52%

An audience poll of over 300 buy side traders at this year’s TradeTech FX Europe found that 52% are currently using dealer algos in the course of their trading.

TradeTech FX poll finds buy side use of FX algos now at 52%

An audience poll of over 300 buy side traders at this year’s TradeTech FX Europe found that 52% are currently using dealer algos in the course of their trading. The event, which was once again held in Barcelona, also discovered that more than 51% percent of delegates were planning to increase the amount of automation for execution in the next fiscal year. However, views from speakers on the ‘All Star Panel’ were somewhat divided in terms of the overall state of algo use and innovation on liquidity. While some felt that the ease of use and complexity of the overall algos are increasing alongside each other, others believe that there has been a step backwards in the overall progress of product innovation in recent years. But this is beginning to change as new capabilities, such as portfolio execution, NDFs, forwards, one day swaps, etc are starting to come online or will in the near future.