Richard Balarkas interview part 2: Next-generation algorithms

While there's a lot of talk about fragmentation of the European markets in the post-MiFID world, this isn't happening yet. Do liquidity-seeking algorithms depend upon fragmentation of liquidity to be successful? 'Sniper' and 'Guerilla' are designed to reduce signalling risk and trade aggressively when "the trigger's pressed." Traders in even the most liquid names are finding them effective at trading large volumes, according to Richard Balarkas, managing director and head of Advanced Execution Services (AES) sales, Credit Suisse.
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Richard Balarkas giving an interview to The Trade News on algorithmic tradingWhile there’s a lot of talk about fragmentation of the European markets in the post-MiFID world, this isn’t happening yet. Do liquidity-seeking algorithms depend upon fragmentation of liquidity to be successful? ‘Sniper’ and ‘Guerilla’ are designed to reduce signalling risk and trade aggressively when “the trigger’s pressed.” Traders in even the most liquid names are finding them effective at trading large volumes, according to Richard Balarkas, managing director and head of Advanced Execution Services (AES) sales, Credit Suisse.

 

 

 

 

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