Expert hails algo trading
Misha Malyshev, head of global high frequency trading at Citadel Investment Group, said algorithmic trading will continue to accelerate FX market volume. Aite Group found around 56% of all FX trading was conducted electronically at the end of 2006. This is estimated to reach 75% by 2010.
Malyshev said programme trading has also made the FX market healthier by alleviating fragmentation and reducing short-term price volatility.
"A typical algorithmic player is technologically sophisticated and
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