24 July 2016
Find out more

Algo trading winning out over alternative execution strategies - TradingScreen

24 April 2008  |  7467 views  |  0 Man writing graphs on glass wall

Investors using algorithmic trading tools are seeing significant improvements in performance over alternative execution strategies, according to an analysis of deal activity at 200 hedge funds and asset managers conducted by EMS vendor TradingScreen.

The review found that algorithms generally outperform similar trades completed without the use of algorithms, "both to the absolute result achieved in terms of execution prices and also the consistency of those results", says TradingScreen.

However, performance levels can vary, even among the most straightforward algorithms. Direct comparisons are complex, says the firm, "but it seems clear that some algorithms consistently perform better in certain market conditions than others".

TradingScreen is preparing a new 'TradeMetrics' service that will enable buy-side clients to compare their performance against peers by trading segment and that of the algorithms they use or provide, against a unique universe of comparative data and market conditions.

"Buy-Side clients in particular have been asking for some time that we help them understand the dynamics of their trading performance and the value they are delivering to the investment process," says Michael Chin, president and head of global sales at TradingScreen.

The TradingScreen platform is used to link asset managers to sell-side broker-dealers for multi-asset trading. The firm has just struck a deal with Credit Suisse to add the broker's FX Algos to its currency trading platform, marking an extension of automated trading tools into the OTC markets.

Frits Fiene, partner of TradingScreen client World View Investment Management, welcomes the move: "Having access to Credit Suisse AES FX Algos available on TradeSmart provides us a great tool to participate in the market and capture the biggest intraday swings and design a tailor-made strategy for the day."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Mitsubishi deploys Fidessa BlueBox for algo trading

Mitsubishi deploys Fidessa BlueBox for algo trading

20 February 2008  |  5270 views  |  0 comments
Algorithmic trading to drive e-fx volumes - Tabb

Algorithmic trading to drive e-fx volumes - Tabb

07 November 2007  |  7715 views  |  0 comments
FPL beta tests FIX algorithmic trading language

FPL beta tests FIX algorithmic trading language

27 July 2007  |  4927 views  |  0 comments
Reuters introduces machine-readable sentiment scan; acquires ClearForest

Reuters introduces machine-readable sentiment scan; acquires ClearForest

30 April 2007  |  10120 views  |  0 comments
Dow Jones launches XML data feed for algorithmic trading

Dow Jones launches XML data feed for algorithmic trading

06 March 2007  |  15568 views  |  0 comments
German exchanges restructure for algo trading

German exchanges restructure for algo trading

13 December 2006  |  10876 views  |  0 comments
Reuters offers real-time news for algorithmic trading

Reuters offers real-time news for algorithmic trading

11 December 2006  |  9931 views  |  0 comments
Algorithmic trading to take majority share in 2010

Algorithmic trading to take majority share in 2010

07 November 2006  |  11856 views  |  0 comments
City trading jobs to fall by 90% as banks take up algorithmic technology

City trading jobs to fall by 90% as banks take up algorithmic technology

03 October 2006  |  21029 views  |  0 comments
Lava launches 'Timeslice' algorithm for laying off FX

Lava launches 'Timeslice' algorithm for laying off FX

21 September 2006  |  12710 views  |  0 comments
Banc of America Securities hails Ambush algorithm

Banc of America Securities hails Ambush algorithm

16 August 2006  |  7942 views  |  0 comments
ITG snares Goldman exec to lead European algo trading push

ITG snares Goldman exec to lead European algo trading push

24 April 2006  |  8721 views  |  0 comments
JPMorgan rolls out TAO algorithmic tool for portfolio trading

JPMorgan rolls out TAO algorithmic tool for portfolio trading

02 November 2005  |  6977 views  |  0 comments
Progress extends Apama algorithmic trading to FX market

Progress extends Apama algorithmic trading to FX market

13 September 2005  |  7566 views  |  0 comments
City emergency prompted algorithmic shutdown

City emergency prompted algorithmic shutdown

11 July 2005  |  7698 views  |  0 comments
Algorithmic trading set to accelerate

Algorithmic trading set to accelerate

27 May 2005  |  11303 views  |  0 comments
Algorithmic trading cuts costs, but performance levels vary widely

Algorithmic trading cuts costs, but performance levels vary widely

05 May 2005  |  8223 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8069 views 14 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7843 views 0 | 14 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7763 views 3 | 19 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7583 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7491 views comments | 16 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job