Tag: algo execution

algo execution

Simple, but Sophisticated: XTX Launches FX Execution Algo

It is an old saw in the FX industry that firms respond to customer demand and with algo usage on the increase for firms executing FX trades, inevitably eyes have turned to XTX Markets with the question, ‘will it also enter the market for algos?’ As one of the biggest FX market makers such questions […]

Execution Methods in Focus as Eyes Turn to Tricky Month End

Even though liquidity conditions in FX markets remain sufficiently robust to ensure a reasonably functioning market, sources say that different mechanisms are now being seriously considered – especially as the market eyes what could be a tricky quarter end benchmark Fix on Tuesday (March 31) – a time when volumes submitted for fixing are significantly […]

BNP Paribas Unveil Digital Trading Assistant ALiX

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 […]

And Finally…

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 […]

And Finally…

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!