Algo Trading Grows Up
BEFORE THE SPIN
Perhaps I’m a little late to the party, but it appears that the nascent algorithmic trading market has rapidly become commoditized.
Harrell Smith, an analyst with Celent Communications, and others are arguing just this in our front-page story. While there are internally developed algorithms that will remain competitive advantages for some sell-side firms, the majority of the VWAP, pairs and close-of-day algorithms out there are fairly similar and yield similar results. But like Smith and those in
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