Fx algo trading platform


June 14, - Execution algorithms are proliferating in global foreign-exchange FX markets, driven by strong uptake among hedge funds, market makers and speculators.

Now, new research from Greenwich Associates shows that long-term investors corporate end-users are turning to algorithms in FX trading. Northern Trust has announced the launch of a suite of sophisticated foreign exchange client execution algorithms that will allow clients to manage their FX exposure with an enhanced level of control and transparency JP Morgan survey shows FX traders will move to using algorithms to trade and away from a click-to-trade method Bank of America Merrill Lynch BofA Merrill has unveiled new advanced features on its global trading and consulting platform, providing buy and sell-side clients with more efficient order handling and improved fill rates for options trading.

Clients previously unable to access some algo trading services will welcome the announcement that Thomson Reuters now provides a single point of access platform. State Street-owned Currenex has recently upgraded its suite of algorithms, which have been carefully developed to play to its core value proposition. Prior to full launch, BNP Paribas is beta testing a pre-trade tool with a handful of clients. The as yet un-named transaction cost analysis TCA engine will enable clients to examine a wide range of FX execution methods and make a well-informed choice from the many options open to them Blacktree, the financial technology firm focused on analytics, has rolled out new tools to help both buy and sell side clients, including exchanges and aggregators, to better manage, understand and make decisions from their data.

Trading Screen is planning to deploy an enhanced set of multi-asset class pre-trade models and the addition of a set of best execution centric dashboards highlighting historical performance of brokers, algorithms, and venues. Transaction cost analysis TCA technology tops the list of current buy-side technology investment priorities, according to a recent report, The FX Industry Benchmarking Survey Users of FX algorithmic execution tools are increasingly looking for greater control and customisation so that they can tap liquidity from multiple sources in the most efficient way, says Jessica Brown, vice president in sales at FlexTrade Systems.

Automated trading firms continue to make their presence felt in the FX market according to a new report released by Aite Group A newly published book studying the historical value delivered by foreign exchange options could highlight the case for algo execution tools to be developed in the options market Buy-side adoption of transaction cost analysis in foreign exchange is outpacing fixed income in spite of the lack of a centralised data source in both markets, according to new research by Greenwich Associates The desire of asset managers, hedge funds and corporates to closely monitor and control their order execution is driving increased appetite for algo strategies in foreign exchange, according to Kim Simms, product manager for FX algorithms at UBS.

Trading Technologies TT , which delivers trading systems to a wide range of financial institutions, is to provide access to the fixed income and futures execution algorithms developed by Quantitative Brokers QB.

FX electronic communication network FastMatch has deployed a customised algorithm developed by Pragma Trading at the heart of AgencyFX, its new buy-side liquidity pool unveiled in late January.

Foreign exchange traders are gaining trust in the market structure and are using increasingly sophisticated execution technology, which will pave the way towards greater adoption of algo execution, according to Bloomberg Tradebook. SunGard has launched a transaction cost analysis TCA tool to help traders, corporate treasurers and portfolio managers better understand their FX execution quality Morgan Stanley has added new functionality to three of its five algorithmic execution tools as it seeks to give clients greater control over how algo orders are worked in the market.

JP Morgan has added functionality to its algo suite that allows clients to book foreign exchange forwards. Known as a spot contingent forward order, the tool is effectively an add-on to a spot algorithm, whereby users would pre-set a forward date and then the algo would automatically roll forward after it has executed. A new report from GreySpark Partners, Trends in FX Trading , has found that buyside firms are increasingly accessing spot FX liquidity by trading with other buyside firms within trading venues that were previously considered bank-only platforms.

Fidessa group plc has released a new paper entitled: Defining algos in futures markets. BNP Paribas is planning to launch a pre-trade analytics service to help customers determine whether to use an algorithmic strategy or some other method when executing a trade. TD Securities says its new algorithmic trading platform for global foreign exchange, TD OpenICE, now provides clients with the unique ability to achieve best execution in ways that best fits their needs.

In what it called a first for the industry, TradingScreen Inc. This application is designed to assist clients in making more informed trading decisions, helping to identify what method of execution is appropriate for the prevailing market conditions and trading objectives.

For example, the Execution Dashboard can help clients identify whether to execute via voice risk transfer, or whether to trade an algorithm electronically. SunGard has launched a transaction cost analysis TCA tool to help traders, corporate treasurers and portfolio managers better understand their FX execution quality Morgan Stanley has added new functionality to three of its five algorithmic execution tools as it seeks to give clients greater control over how algo orders are worked in the market.

JP Morgan has added functionality to its algo suite that allows clients to book foreign exchange forwards. Known as a spot contingent forward order, the tool is effectively an add-on to a spot algorithm, whereby users would pre-set a forward date and then the algo would automatically roll forward after it has executed. A new report from GreySpark Partners, Trends in FX Trading , has found that buyside firms are increasingly accessing spot FX liquidity by trading with other buyside firms within trading venues that were previously considered bank-only platforms.

Fidessa group plc has released a new paper entitled: Defining algos in futures markets. BNP Paribas is planning to launch a pre-trade analytics service to help customers determine whether to use an algorithmic strategy or some other method when executing a trade. TD Securities says its new algorithmic trading platform for global foreign exchange, TD OpenICE, now provides clients with the unique ability to achieve best execution in ways that best fits their needs.

In what it called a first for the industry, TradingScreen Inc. This application is designed to assist clients in making more informed trading decisions, helping to identify what method of execution is appropriate for the prevailing market conditions and trading objectives.

For example, the Execution Dashboard can help clients identify whether to execute via voice risk transfer, or whether to trade an algorithm electronically. Not only is the number of buy-side firms engaged in algorithmic FX trading rising, said Ray, but these firms are also using algorithms to trade in more volume than they did in the past.

Hedge funds, asset managers, prop traders and retail aggregators are the main participants in this market. BNP Paribas says it is seeing strong demand for its new Iguana execution algorithm. The recently launched algo sits in between its popular Chameleon and Viper products and allows clients to execute deals over a user-defined time period. Chameleon reduces market impact by switching in and out of different algo strategies, according to market conditions, but does not have set timeframes in which to execute trades.

Corporate clients are becoming more demanding as their FX algo usage grows and banks are responding with innovation. Algorithmic trading of FX continues to grow amongst buyside firms.

In a move partly attributable to their increasing use of FX algos, hedge funds have moved significant proportions of their volume to single-dealer platforms.

Regulatory complexity is another significant driver for change Long-term investors embrace FX Algo's June 14, - Execution algorithms are proliferating in global foreign-exchange FX markets, driven by strong uptake among hedge funds, market makers and speculators. Northern Trust launches FX Algo suite Northern Trust has announced the launch of a suite of sophisticated foreign exchange client execution algorithms that will allow clients to manage their FX exposure with an enhanced level of control and transparency FX algo trading set to surge this year JP Morgan survey shows FX traders will move to using algorithms to trade and away from a click-to-trade method Thomson Reuters opens up access to bank algos Clients previously unable to access some algo trading services will welcome the announcement that Thomson Reuters now provides a single point of access platform.

Currenex upgrades algorithms State Street-owned Currenex has recently upgraded its suite of algorithms, which have been carefully developed to play to its core value proposition.

Blacktree launches big data analytics platform for FX Blacktree, the financial technology firm focused on analytics, has rolled out new tools to help both buy and sell side clients, including exchanges and aggregators, to better manage, understand and make decisions from their data.

Trading Screen to enhance pre-trade decision suite Trading Screen is planning to deploy an enhanced set of multi-asset class pre-trade models and the addition of a set of best execution centric dashboards highlighting historical performance of brokers, algorithms, and venues.

Buy side seeks greater control of algos Users of FX algorithmic execution tools are increasingly looking for greater control and customisation so that they can tap liquidity from multiple sources in the most efficient way, says Jessica Brown, vice president in sales at FlexTrade Systems. Demand for FX Algos widens Automated trading firms continue to make their presence felt in the FX market according to a new report released by Aite Group FX options study highlights case for algos A newly published book studying the historical value delivered by foreign exchange options could highlight the case for algo execution tools to be developed in the options market TCA on the rise in FX, despite data challenges Buy-side adoption of transaction cost analysis in foreign exchange is outpacing fixed income in spite of the lack of a centralised data source in both markets, according to new research by Greenwich Associates