Commit to algos, banks warned
NEWS
Speaking at a briefing organised by Progress Software entitled What Next for Algorithmic Trading? in London last Tuesday, Smart discussed the impact of algorithmic trading on market-making banks in FX. He said there are increasing barriers to entry for banks wanting to make markets and be a top-tier player.
Some of the challenges surround pricing. He said before e-commerce took off, pricing was relatively straightforward with market knowledge in the hands of the banks, giving them an advantage
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