Christian Gressel and Brendan McMurtray

TradeTech FX event highlights FX algo use in Covid crisis

June 2023 in Recent Event

The TradeTech FX Virtual event ran 21-22 July, bringing together heads of FX and their teams in a bid to benchmark their response and solutions to the Covid-19 crisis. The online programme included a live interview with Christian Gressel, Head of FX Algo Trading, UBS and Brendan McMurtray, CFA, Vice President, FX Electronic Trading Analyst, T. Rowe Price to discuss how to implement advanced algorithms to achieve best execution during increasing volumes and times of high volatility.

Gressel began with an overview of the main challenges facing FX algo providers during the crisis, with the biggest challenge coming from the external influences that they witnessed over February, March and also into April to some degree. While leading investment banks such as UBS had detailed business continuity plans, Gressel noted that these plans had not needed to be fully tested for more than a day here or there and certainly not to the extent we’ve seen, particularly in Gressel began with an overview of the main challenges facing FX algo providers during the crisis, with the biggest challenge coming from the external influences that they witnessed over February, March and also into April to some degree. While leading investment banks such as UBS had detailed business continuity plans, Gressel noted that these plans had not needed to be fully tested for more than a day here or there and certainly not to the extent we’ve seen, particularly in

Gressel began with an overview of the main challenges facing FX algo providers during the crisis, with the biggest challenge coming from the external influences that they witnessed over February, March and also into April to some degree. While leading investment banks such as UBS had detailed business continuity plans, Gressel noted that these plans had not needed to be fully tested for more than a day here or there and certainly not to the extent we’ve seen, particularly in

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