A new survey of 50 leaders in FX trading – 57% of which work for firms managing over $100bn of assets – has been commissioned by The Finance Hive team.
Two years after its introduction in 2017 the FX Global Code (FXGC) is a defining ideal of the FX market, with significant sell-side and more recent buy-side adoption. The FXGC principles are not a regulatory requirement but foster best global practices to avoid market abuse. Additionally, each regulator also has its own standards for monitoring algo and human trading activity.
When would it be used? When wanting to be filled urgently using a wide range of liquidity sources. What does it do? ORCA-Direct uses liquidity from UBS Principal, ECNs & correlated Futures instruments. How does it work? Checks visible liquidity and calculates the price that could be achieved from it Also checks the CME to […]
With the introduction of MiFID II, best execution has become a necessity in all asset classes including FX. TCA can help us to determine the cost of our trading, and in particular ways of reducing it. However, what is the best way to do transaction cost analysis?
The Crédit Agricole Group is the world’s number 13 bank measured by Tier One Capital and, as the No. 1 retail bank in France, is the leading financial partner of the French economy. CACIB is therefore uniquely placed in the market, having strong connections into local markets across Europe and emerging markets globally.
Quod Financial recently published a Whitepaper exploring the growing interest in AI and Machine Learning for use in trading and execution purposes across the Capital Markets. One specific area that was examined focused on the reasons why the Execution Management System was a particularly good candidate for deploying AI and ML. In this article we publish an extract from the Whitepaper looking at the potential applications of these new technologies for optimising algo trading parameters in the EMS space.
Oxford university’s Saïd business school is launching a course in algorithmic trading, The Oxford Algorithmic Trading Programme is delivered in collaboration with GetSmarter and is led by a powerful team of global experts who share their knowledge in the form of industry insights, videos and discussions.
As firms increasingly access electronic execution for FX, the right decisions for deploying and selecting algorithms are, as Anna Reitman discovers, a combination of getting knowledgeable about market technologies and tapping into the lessons of traditional wisdom.
While many firms tend to pick a strategy or two and stick with that, Pecora Capital LLC prefers to mix things up. The Swiss-based macro investment management firm uses a variety of algo-based systems to navigate the world’s FX markets. What’s more, Managing Director Aaron L. Smith and Head of Trading William Adams see no reason why man and machine can’t work together. Smith calls the approach ‘managed systematic’.
