ESMA updates guidance on algorithmic trading
The regulator has updated its Q&As on Mifid II and Mifir market structure topics to clarify guidance on automated trading functionalities and compliance when using third party systems.
Tag: algorithmic trading
Machine learning futures algo trading surges at JP Morgan
Peter Ward, global head of futures and options electronic execution at JP Morgan, tells Hayley McDowell that buy-side adoption of its reinforcement learning FICC futures algorithms has surged in recent years, accelerated by the market volatility in 2020.
FX algos contribute to thinning of order book, BIS report suggests
Research from BIS outlined that the thinning of the order book due to automation and FX algo trading could impact market functioning in times of volatility.
Traders at RBC Capital Markets develop AI-based electronic trading platform
Known as Aiden, the AI-powered execution platform from RBC Capital Markets uses deep reinforcement learning techniques to adapt to market conditions.
Virtu launches post-trade TCA for Frontier algos
Upon launching the new Prism Frontier post-trade TCA tool, Virtu said it expects to launch real-time TCA for its algo suite later this year.
Foreign Exchange
BNP Paribas gives FX algos a voice with launch of ‘ALiX’ digital trading assistant
BNP Paribas takes a leaf out of Silicon Valley’s book with a Siri-style digital trading assistant, which is launching alongside real-time market analytics and interactive algorithms as part of major upgrade to the bank’s Cortex FX trading platform.
News
Leaders in Trading 2019: Algorithmic Trading & EMS awards shortlists revealed
Winners of this year's Algorithmic Trading & EMS awards across 11 categories will be announced on 21 November during the Leaders in Trading 2019 ceremony.
Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
Credit Suisse completes turnaround of algorithmic trading platform
Credit Suisse has added new technology and reshuffled senior leadership to the algorithmic trading division as it looks to regain market share.
Buy-Side
Hedge funds doubling down on algos
The 2019 algorithmic trading survey finds that brokers are stepping up to the plate in the post-MIFID II landscape to provide consistent execution to hedge fund firms that are more knowledgeable and discerning than ever before.