Algo supervision is paramount, says Rahmouni-Rousseau

Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility

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Imène Rahmouni-Rousseau: technology, non-bank market-makers and the FX Global Code are driving foreign exchange

The rise in algorithmic execution has been one of the key themes reported by banks this year, with some institutions saying client take-up of these tools have doubled since the start of the second Markets in Financial Instruments Directive (Mifid II) in January.

As technology continues to change the way dealers and clients trade in FX markets, Imène Rahmouni-Rousseau, who was promoted to the role of director of markets at the Banque de France in June, says the importance of understanding these

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