BNP Paribas has formally unveiled ALiX (Alix), a digital trading assistant, as part of its upgraded Cortex Live single dealer platform – the product was first revealed in the Digital FX Awards in Profit & Loss in April. The bank says that Cortex Live responds to growing client demand for more intelligent execution methods, more transparency […]
Tag: algo execution
As more institutions seek to offer algo execution, specifically involving multi-ticket orders, I sense that the approach they will have to take must differ from the first movers some years ago. As the next generation comes through it is likely to see an uptick in volumes executed by these means, which will be good news […]
There is a chance later this week that we will know the decision of the GFXC feedback process on the possible rewording of Principle 17 , so I won’t go into the arguments put forward by Norges Bank Investment Management over last look in any detail. Instead I want to look at its observations around the use of algos and price verification and then to add to my growing list of foes in the analytical/academic space by pointing out why they are wrong!