FX algorithms gather steam

FX algorithms are likely to go mainstream, although it will take some time for them to catch up to other asset classes such as equities, according to the recent report, Electronic platforms in foreign exchange trading, from analyst firm Celent.

"It might be questionable to expect the same level of adoption in FX as in equities, since the two market structures are very different – most notably the limited number of currency pairs in FX compared to the large number of liquid equities," says report