Report: Algos Face Uphill Battle in FX Landscape
"The FX market is incredibly liquid, especially when you focus on the most liquid currency pairs," says Sang Lee, managing partner at Aite Group and author of the research note. "The feedback has been that instant execution is expected; therefore, your basic time-sliced or volume-weighed execution algorithms are not used much as clients don't see the need for it," Lee explains.
The FX market has been following in the footsteps of equities. However, there are certain differences that make it
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