The TRADE launches the Algorithmic Trading Survey for 2023

Buy-side respondents have until 24 February to rate algo providers, with top performers due to be recognised as part of Leaders in Trading 2023.

Institutional investors, asset managers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2023 Algorithmic Trading Survey.

Now in its 16th year, The TRADE’s 2023 Algorithmic Trading Survey is live for buy-side participation until 24 February, with ‘long-only’ and ‘hedge fund’ results due to be included in the Q1 and Q2 editions of The TRADE magazine, respectively. We encourage algorithmic trading providers to support client participation.

Last year the survey received a record number of 1,599 ratings, across over 36 providers of algorithmic trading, yielding thousands of data points for analysis. The results highlighted the continued evolution and improvement of algo offerings, yet buy-side traders still want more, including calls for more customisation capabilities, more control, as well as more guidance on how best to leverage the current tools and features available. Strategies such as volume-weighted average price (VWAP), dark or alternative liquidity seeking algos, percentage of volume (POV) and market-on-close (MOC) continued to be the most frequently used types of algorithms in 2022.

The Algorithmic Trading Survey is a global survey aimed at buy-side traders across all asset classes and regions. This year the survey includes additional questions, to monitor the continued increase in the electronification of non-equity markets.

Overall top performers in the 2023 Survey will be recognised at The TRADE’s annual Leaders in Trading awards, taking place at The Savoy hotel in London on 8 November.

To participate in the survey, please click here.

The 2022 Algorithmic Trading Survey results for long-only and hedge fund clients, along with the full methodology can be viewed here.