XTX Execution Algo went live on BidFX in 2020 in an initial targeted client roll-out. The solution can reduce slippage to arrival price. McGrath said he was pleased to see increasing usage of this algo across their global client base in 2021 and that the company was glad to make it available for clients to…
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The main reason for this was the impact of Covid-19 across the world. Because a large proportion of the population were in some form of lockdown, it meant that traditional trading wasn’t as viable. As such, traders with a superior technological platform saw a sharp increase in their own FX trading volume. There were none…
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Mary Leung, Global Head of Client Algos at State Street said: Heightened market volatility caused an unprecedented increase in FX algo volumes back in March, proving that algos are a valuable tool for clients to reduce the cost and increase the efficiency of their execution. With State Street’s unique franchise liquidity, our versatile suite of…
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MOEX users can take advantage of the new service and enter algorithmic orders during the Main trading session and SDBP (Large Volume Trades) boards. They can set algorithm work time during the trading session. Users can set time-weighted orders in different ways - specify number of linked orders or specify time interval between orders. Depending…
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The first set of data available on Bitfinex Terminal provides public trade data and it can be accessed through GitHub for free. The service is accessible by navigating to Advanced Features where the Bitfinex Terminal tab offers a link to Download Dazaar and connection to the Bitfinex Terminal. Dazaar Cards are cryptographic identifiers facilitating easy…
Read moreIn the bizarre but continuing legal case of Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, Mr. Talmor has been sent (back) to jail for a second 14 day term after producing a "grocery list" in court which showed that he was not working to repay bankruptcy debts, as was agreed. Under…
Read moreIsraeli news sources are reporting that Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, has been jailed for two weeks for not making payments as part of a 2016 bankruptcy plan for UTrade. Under the agreement, Talmor was to make monthly payments of NIS 3,500 (USD $1,000) to the insolvency…
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The Financial Conduct Authority (FCA) just informed the public that it has today published a report on the supervision of algorithmic trading in wholesale markets. The report summarises the key areas of focus for algorithmic trading and highlights areas of good and bad practice observed within previous cross-firm reviews. Automated technology brings significant benefits to…
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Horizon adds new algo trading strategy templates for clients to customise Horizon Software just announced that will give clients control over their algo trading strategies, with the ability to modify the built-in templates in the Horizon Platform for Automated Trading. The three new templates which can be modified are: Quote Reply Market Making, Hedge Volatility…
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This article is written by Richard Perona, VP of Institutional FX at Advanced Markets. In 2016, we have seen some incredible market dislocation due to various global events (BREXIT, US Elections, OPEC, GBP Flash Crash, FOMC to name a few). Having experienced my fair share of these moves, I find myself in a unique position to…
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