An Algorithmic Explosion
WATERS SPECIAL REPORT
Investment firms may not always have a herd mentality, but when it comes to algorithmic trading, there's a veritable stampede.
Take Citigroup. About a year ago, Citigroup's Global Corporate and Investment Bank began making major changes to better position itself for the algorithmic trading movement. These changes started with a joining together of six businesses, involving: alternative ways of trading traditional single stock securities; program trading; connectivity; soft dollars-direct market
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