SNB fallout driving increased algo uptake

The dramatic impact of the Swiss National Bank’s sudden removal of its floor on EUR/CHF in January is driving increased use of algorithmic execution tools among corporates and systematic hedge funds, according to BNP Paribas. “In the wake of January 15, many non-bank market makers pulled their liquidity and spreads have widened significantly in G-10 currencies. For some clients that hadn’t historically considered algos because their risk transfer pricing was already competitive, this new dynamic has prompted a rethink,” says The dramatic impact of the Swiss National Bank’s sudden removal of its floor on EUR/CHF in January is driving increased use of algorithmic execution tools among corporates and systematic hedge funds, according to BNP Paribas. “In the wake of January 15, many non-bank market makers pulled their liquidity and spreads have widened significantly in G-10 currencies. For some clients that hadn’t historically considered algos because their risk transfer pricing was already competitive, this new dynamic has prompted a rethink,” says

The dramatic impact of the Swiss National Bank’s sudden removal of its floor on EUR/CHF in January is driving increased use of algorithmic execution tools among corporates and systematic hedge funds, according to BNP Paribas. “In the wake of January 15, many non-bank market makers pulled their liquidity and spreads have widened significantly in G-10 currencies. For some clients that hadn’t historically considered algos because their risk transfer pricing was already competitive, this new dynamic has prompted a rethink,” says