Whitepaper: The Next Generation in Algorithmic Trading Liquidity Seeking Adaptive Algorithms

Medan Gabbay

Whitepaper: The Next Generation in Algorithmic Trading Liquidity Seeking Adaptive Algorithms
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  • 24th April 2008 Create Date
  • 7th April 2020 Last Updated
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Introduction

Liquidity fragmentation resulting from regulatory changes such as Reg. NMS (in the US) or MiFID (in Europe), combined with the aggressive competition between traditional exchanges and alternative trading venues, is making current execution algorithms “obsolete”. Therefore, are financial institutions spending mil ions on antiquated technology? This discussion paper provides Quod Financial’s view on today’s algorithms, as well as how a new generation of algorithms are addressing the two crucial market phenomena, first, fragmentation of liquidity and second, multi-asset trading.

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The_Next_Generation_in_Algorithmic_Trading_Liquidity_Seeking_Adaptive_Algorithms.pdf