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Nicola Tavendale

Service and product development: Priority lists for leading FX algo providers

February 2024 in Industry Views

Institutional traders shared their predictions for the coming year in one of the largest cross-asset surveys of its kind, the 2024 JP Morgan e-Trading Edit. Key sentiments which will be of particular interest to FX algo providers and users alike include the expectation that volatile markets will be the greatest daily trading challenge, followed closely by liquidity availability and workflow efficiency. In turn, traders expected electronic trading in FX to further increase this year, then rising to a predicted 73% for 2025. These wider industry trends all appear to be working in favour of the use of FX algos, but to what extent are algo providers gearing up to ensure clients have the right tools and support to confidently opt for algo execution in this evolving trading environment? Nicola Tavendale writes.

According to the JP Morgan survey findings, the significance of liquidity availability is creeping back up to regain its number one spot, having risen in ranked importance from 22% to 24%. It was only overtaken as a leading concern among traders by volatile markets at 28%, while workflow efficiency also rose to 13% from the previous year. According to Scott Wacker, Global Head of FICC e-Sales at JP Morgan, 100% of survey respondents predict to increase their electronic trading activity According to the JP Morgan survey findings, the significance of liquidity availability is creeping back up to regain its number one spot, having risen in ranked importance from 22% to 24%. It was only overtaken as a leading concern among traders by volatile markets at 28%, while workflow efficiency also rose to 13% from the previous year. According to Scott Wacker, Global Head of FICC e-Sales at JP Morgan, 100% of survey respondents predict to increase their electronic trading activity

According to the JP Morgan survey findings, the significance of liquidity availability is creeping back up to regain its number one spot, having risen in ranked importance from 22% to 24%. It was only overtaken as a leading concern among traders by volatile markets at 28%, while workflow efficiency also rose to 13% from the previous year. According to Scott Wacker, Global Head of FICC e-Sales at JP Morgan, 100% of survey respondents predict to increase their electronic trading activity

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