The TRADE algo survey reveals growing Asian popularity
More than 100 buy-side traders have shared their views on
algorithmic trading in Asia as part of the latest instalment of The TRADE’s
longstanding Algorithmic Trading Survey, showing a marked increase in the
take-up of electronic trading in the region.
Respondents to the survey have already provided 450
individual evaluations on algorithms used in the region – over four times the
number of assessments garnered in last year’s survey, emphasising the growing
sophistication of investment managers in Asia when it comes to electronic
The survey lets traders assess algo providers on a broad
range of criteria, including preferred strategies, the impact on algorithm use
on cost, execution consistency, market impact and the level of customisation
“The TRADE’s Algorithmic Trading Survey has become a key
barometer of electronic trading trends in Asia and this year we’ve made a
conscious effort to grow the number of buy-side traders polled so the results
are representative of an even greater number of algo users in the region,” said
Bruce Love, editor of The TRADE Asia. “It’s the perfect opportunity for traders
to let providers know what they think of the algos on offer.”
Last year’s survey revealed greater comfort in the use of
‘smart’ algo strategies among buy-side traders in Asia, including a substantial
increase in the deployment of participation and dark liquidity-seeking
Traders also indicated they would like to see brokers
enhance customisation capabilities, further evidence that Asian traders are
getting closer to their US and European counterparts when it comes to algo use.
“In these times of scarce liquidity, algo selection becomes
crucial and more and more traders are turning to smarter electronic strategies
to fill their orders,” said Love.
The full results of the survey will be revealed in Q3
edition of The TRADE Asia, published in October, with an awards ceremony to be
held in Hong Kong on 29 November.
Take part in The TRADE Asia's Algorithmic Trading Survey 2012 to share your views.