FX Leaders Series

Algos

We’ve been told there are a host of issues that negatively affect the way buy side traders can do their jobs, but for change to happen they need to collectively lay out their demands to a range of market participants, from banks and regulators to technology providers and buy side firms themselves.

In order to shape this collective narrative, this report –  the second chapter in a series – lays out the current state of play on buy side desks, their vision for the future and the practical steps that need to be taken to achieve them.

The report series was compiled with input from 50 head traders from the largest AUM buy side firms globally, at the annual FX Leaders meeting.

Chapter 2: Algos

More and more of our member firms are beginning to implement algos into their execution strategy. For our more advanced buy side who are currently executing some or even all of their trades via algos, the issue of transparency is still key.

Presenting their perspective on how they imagine using these algos is naturally a prerequisite for this transparency to occur.

The group put forward a set of common challenges as well as what ‘utopia’  would look like, and a best of breed solution provider committed to next steps to overcome and achieve these demands.

Transparency is very important, especially around the depth of liquidity you are reaching through the use of algos.

Download the report to read the findings.

Interested to read the full report?

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