Wheels on fire: automated algo selection takes off in FX
Embrace of workflow automation and data analytics is driving asset managers’ adoption of FX algo wheels
This year marks the fiftieth anniversary of the Black-Scholes model, the first mathematical method to inform the execution of a trade based on the theoretical value of derivatives. While revolutionary at the time, in today’s data-fuelled financial markets an increasing number of traders are looking towards more sophisticated ways of honing their trading strategies, in the form of ‘algo wheels’.
Algo wheels refer to the technology used by dealing desks to automate the process of selecting and
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