Algorithmic trading in forex limited by fragmentation
CURRENCY FOCUS
In a report entitled Outlook on Algorithms: New Developments in Electronic Trading, the research firm said that despite rapidly rising eFX volumes, multiple disparate dealer liquidity pools have limited its growth.
"However, similar to what happened in the equity space over the last eight or nine years, we are seeing that aggregation is the name of the game in FX," said Adam Sussman, senior consultant at Tabb Group, author of the report.
Crucial to the development is the impact of the electronic
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