Inside Instinet’s Algorithmic Brain


During a rare quiet moment at Instinet’s Times Square headquarters, Steven Brain sat down with Waters to discuss the buy-side concerns with implementing algorithmic trading. The senior vice president responsible for systematic trading also shared his thoughts on the pros and cons of the trading style.

Waters: One nightmare scenario we’ve heard from the buy side is that the sell-side brokers providing trading algorithms are reverse-engineering their orders. Is this a legitimate concern?


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