Dr John Quayle

Peg Clipper: Internal liquidity, external brilliance. A powerful algo that delivers better customer outcomes.

August 2025 in Dequantification

Dr John Quayle, Head of Client Algo Execution at NatWest Markets, tells more about the features and functionality of Peg Clipper.

General overview: What is the FX algo called? Peg Clipper, NatWest primary execution algos What category does it fall into? Passive/implementation shortfall What does it attempt to do? It attempts to fill with the smallest possible market impact, whilst maintaining a reasonable rate of execution. Tradefeedr data tells us that it achieves both of these aims successfully – executing faster and with a lower slippage from inception mid than the average of peers. Structure: What is the algo’s software architecture? General overview: What is the FX algo called? Peg Clipper, NatWest primary execution algos What category does it fall into? Passive/implementation shortfall What does it attempt to do? It attempts to fill with the smallest possible market impact, whilst maintaining a reasonable rate of execution. Tradefeedr data tells us that it achieves both of these aims successfully – executing faster and with a lower slippage from inception mid than the average of peers. Structure: What is the algo’s software architecture?

General overview: What is the FX algo called? Peg Clipper, NatWest primary execution algos What category does it fall into? Passive/implementation shortfall What does it attempt to do? It attempts to fill with the smallest possible market impact, whilst maintaining a reasonable rate of execution. Tradefeedr data tells us that it achieves both of these aims successfully – executing faster and with a lower slippage from inception mid than the average of peers. Structure: What is the algo’s software architecture?

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