ANZ defies ‘white label’ trend with algo expansion

Instead of relying on large LPs, Australian bank aims to offer six new FX algos of its own by February

Credit: Risk.net montage

In recent years, an increasing number of large liquidity providers, including JP Morgan and XTX Markets, have begun “white labelling” their foreign exchange spot execution algorithms. Under such arrangements, a regional bank will rebadge the larger LP’s algo as its own, and both sides will share the fee charged to the end-client.

The regional bank can thus bring algorithmic trading strategies to its clients quickly and cheaply without having to build them up by itself. Crédit Agricole and

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