Algos boom on retail trading platforms
NEW YORK – Bank-owned margin foreign exchange trading systems are experiencing a sharp rise in black-box trading from individual traders and smaller funds unable to meet collateral demands of wholesale forex prime brokers.
Algorithmic trading accounts for 25% of traded volumes on Deutsche Bank's margin FX trading system dbFX, up from under 1% a year ago, according to Betsy Waters, dbFX global director at Deutsche Bank in New York.
"A broad range of clients are using algorithms, from hedge funds
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