Algorithmic execution
Stromme exits XTX Markets
One of the first employees in Gerko's FX team at GSA Capital, and later XTX Markets, heads off to ventures new
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Pragma launches algo trading capability for NDFs
New set of products on Pragma360 expected to boost liquidity and best execution for emerging market currencies
Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
Corvil serves up fixed-income surveillance tool
The product brings together information on client orders to provide insight into trading performance
Pragma announces LD6 expansion
The move enables the algo technology provider to improve services to its expanding client base
Simon Jones joins 360T
He will lead the trading platform's product growth efforts and sit on the global executive board
NBLPs to carve out niches and form more bank partnerships
Jump Trading foresees Clob resurgence, platform acquisitions, and more link-ups between banks and non-banks
Algo execution and TCA will drive market structure change
Pragma Securities chief Mechner expects best execution requirements to boost the adoption of algorithmic trading
More order types will be segregated from spot desks
Stop-loss and take-profit orders could follow fixing orders and become segregated, says BNP Paribas
Analytics and algos in focus as regulation hits
Credit Suisse sees best execution requirements being hammered home by Mifid II
FastMatch to offer algos and TCA to all subscribers
It makes the decision as algo execution gathers pace and clients require more trade transparency
Transparency around algos to grow next year, according to panellists
The goal is that customers understand the tool; TCA an important part of the learning process
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
Spotlight on Solid FX: the rise of streaming in size
Dutch firm sees 45% growth in demand for its NBLP arm, gaining benefits from its ability to price-in up to $30m clips
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
75% of buy side to use algos in a couple of years, participants say
Best execution requirements and liquidity conditions will drive adoption, according to a survey by Greenwich Associates
FlexTrade opens office in Australia
The multi-asset system provider aims to pick up some business as retirement funds Down Under look elsewhere for returns
Best Independent Algorithmic Trading Technology Provider: Tradepoint Systems
The transparency provided by the FX algo built by FX people wins over the sell side and regulators
Best Bank Algorithmic Trading Technology Provider: BNP Paribas
Fourth-generation algos provide access to the data the strategy uses during execution for maximum control
Algo experts caution against too prescriptive regulation
Such laws can do more harm than good, they say, and prevention of market impact is too high a standard
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders