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Panel Scrutinizes Trading Algos and Visualization Tools in FX Market

Derek Sammann at CME
Derek Samman, senior managing director of FX, metals, and options solutions, CME

A surprisingly high number of foreign-exchange (FX) traders use algorithms, according to a survey of 147 such traders by Silicon Valley software giant, Tibco Software. Of the 47 percent who do so, 81 percent of them use at least some algos designed in-house. But a Tibco-sponsored panel discussing the survey results warned against taking the numbers at face value.

The number of traders using algorithms for smart execution of block orders, in the same way that an equities trader might, isn't

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