Traders Workshop

Talking FX algos with BNY Mellon

Why are increasing numbers of BNY Mellon’s clients looking to utilise its FX algorithms? Due to its position as the world’s largest custody bank, BNY Mellon sits at the center of the global currency market, with access to natural uncorrelated FX flows. Given the banks unique client mix, its algos...

Strategies from Commerzbank

Nickolas Congdon Whether the primary goal is to capture price improvement, minimise market impact or achieve optimal execution by reducing overall transactions costs, Commerzbank’s algorithmic strategies employ logic to execute orders efficiently, whilst maintaining anonymity in the market. We asked Nickolas Congdon, Director and Head of eTrading Services at the...

Exploiting the power of Artificial Intelligence for FX algo trading

Terminology around Machine Learning (ML) and especially Artificial Intelligence (AI) is typically quite loose which leads to confusions. Therefore, it is important to provide some definitions for the purpose of this article to frame the AI/ML examples provided. As the name suggests AI is understood as human-like intelligence observed from...

The Tsuwamono FX Algo series from Nomura

In this article we profile Nomura’s series of FX algorithms, called Tsuwamono, a name that is derived from the Japanese definition of soldier, warrior and man of courage. NINJA Ninja takes advantage of market liquidity to capture as much spread as possible. This  passive pegging algorithm minimizes market impact by...

Leveraging Machine Learning to determine FX Algo selection

FX Algo usage has been growing steadily over the last several years driven by a number of factors. Those factors arguably include: Decreasing balance sheet of FX dealers (and hence inability to accommodate big size instantaneously at a cheap enough price) Demand from regulators (Mifid II, FX Global code) to...

eBest Order from Deutsche Bank

Why are increasing numbers of Deutsche bank’s clients considering algorithmic FX execution and what attributes does the bank have that put it in a good position to meet this demand? Across all client segments, the use of Algos stems from a desire to reduce costs, increase transparency, enhance risk management...
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