Tag - Trade Automation

A key innovation is the ability to dynamically switch between algos and/or tweak algo parameters based on the current market conditions and algo performance. The concept of algo switching is not new; however, since FlexAlgoWheel focuses on order routing, we offer dynamic switching as an integral feature. Dynamic re-evaluation, an advanced feature of FlexAlgoWheel, continues to assess the real-time market conditions.

A key innovation is the ability to dynamically switch between algos and/or tweak algo parameters based on the current market conditions and algo performance. The concept of algo switching is not new; however, since FlexAlgoWheel focuses on order routing, we offer dynamic switching as an integral feature. Dynamic re-evaluation, an advanced feature of FlexAlgoWheel, continues to assess the real-time market conditions.

With liquidity fragmented across the foreign exchange landscape and regulations like MiFID II placing more responsibility on the buy side to obtain best execution, there has been an increased uptake in algorithmic trading. According to an October 2020 study on FX execution algorithms by the Bank for International Settlements (BIS), FX execution algorithms today account for an …