Panel: FX Algos No Longer Just for the Large Players
Most large banks are currently trading FX using algorithms and hedge funds should follow this trend, says Steve Toland, head of FX sales, EMEA, with inter-dealer Icap. He spoke on a panel during sibling publication FX Week's European conference last week. "But this is not limited to large institutions; there are also small banks in places like Latvia or Moscow [trading FX electronically]," he says. Institutions with fewer resources tend to write codes themselves or with help from third parties
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