TCA will increase fragmentation, says Sinclair

Execution spreads across more secondary venues as algos seek platforms with least signalling risk, says white paper by MarketFactory

James Sinclair new.jpg
James Sinclair: entropy is increasing in currency markets

The use of execution analytics together with automated trading will further increase fragmentation in currency markets as algorithms seek out brokers and platforms where signalling risk is the lowest, resulting in more orders being placed on secondary venues, according to a white paper by MarketFactory.

James Sinclair, executive chairman and co-founder of the technology firm, lists four causes for continued fragmentation in FX, which apart from market impact analysis include the growing use of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: