Algo trading to double, says Eurex
NEWS
Speaking to press at the Futures and Options Expo in Chicago last Thursday (November 30), Preuss said he expects algorithmic trading to account for 30–35% of total volume by the end of next year, compared with about 15% this year and 8% in 2005.
Algorithmic trading – which is based on automated high-frequency, low-volume trading – is testing the limits of the exchange's technology, he said. The average number of daily quotes on the Eurex platform skyrocketed from 38 million in 2005 to 120
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