Algorithms Gain Traction in FX
"The story is inevitably the same: Algorithmic trading fragments the trade size, trade size goes down, overall volume goes up and the spread comes in," says panelist Christian Hauff, head of electronic trading services sales, global liquid products with Bank of America. "Hence we have more fragmentation and consolidation—it's the same old cycle," he adds.
Most of the panelists agree that it's impossible to discuss algorithmic trading within FX without comparing it to the cash equities markets'
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