GS, CS See Algo Growth in Asia
Algo trading in Asia still lags behind the U.S. and Europe but its prevalence has grown exponentially over the last few years, they add.
"We've seen the actual amount of flow and trades being executed from all algorithmic trading, including direct market access (DMA) grow from 2 percent to upward of 30 percent," says Brook Teeter, director of Advanced Execution Services (AES) with Credit Suisse in Hong Kong.
Goldman Sachs has also seen a significant rise in algo trading.
"The value traded of
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