Algos to Solve FX Fragmentation
"[Algorithmic trading] can be used as a tool to manage multiple liquidity sources," according to Stephen Godfrey, managing director and co-head of global e-solutions for global currencies at Bank of America, who spoke at a conference last week in lower Manhattan hosted by sibling publication FX Week.
According to Godfrey, algorithmic trading can be used by a broker or a bank to execute a large FX buy order that has the potential to make market impact.
"The number of choices available to our
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