
Systematic hedge funds eye outsourcing to bank algos
Cost pressures push new stream of clients to pass FX algo trading to banks

Systematic hedge funds are beginning to outsource algorithmic execution to banks, as foreign exchange algo providers see greater demand from users for smaller-sized trades.
While these types of firm have historically built and maintained their own algos for trading, increased cost pressures have forced them to search for alternatives, according to Asif Razaq, global head of FX algo execution at BNP Paribas.
“In 2022, what we are seeing is a new breed of clients coming to use algos and this
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