Carbon Market Yet to Attract Algo Trading
"I don't think there's much [algorithmic trading] going on at the present, if any, but as liquidity builds up, you would expect it to happen ... once you got tight bid and offer spreads as well as very deep markets" and bid and offer prices have changed only by a tick for about three months, says Patrick Birley, CEO of ECX, who spoke at The Future of the Carbon Market conference hosted by the Institute of Economic Affairs (IEA) and event planner Marketforce.
Black-box traders are very attracted
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