Algo FX: the battle for market share
BOSTON - Uptake of algorithmic trading in the foreign exchange market is expected to more than double in the next two years, according to an impact note from Boston-based consulting company Aite Group. However, analysts argue that development of this segment is not without its hurdles.
The consultancy said last week that algorithmic trading will soar from its current uptake of 7% of global FX trading to 15% by 2010. In its note, it said growth to date has been spurred by hedge funds, with
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