The New York Stock Exchange has introduced a couple of technology initiatives in response to the boom in algorithmic trading. The initiatives are designed to help floor brokers, whose role is being threatened by electronic trading's substantial growth, trade algorithmically and help them match large orders more easily.
Algorithmic trading uses mathematical models as a means of trading large blocks of shares quickly. Tabb Group, the US consultancy, predicts that by 2010 algorithmic trading will account for half of all US equity trading.
Read more at http://www.ft.com/cms/s/0/0ba8eb66-5ce1-11dd-8d38-000077b07658.html
No comments:
Post a Comment