Algorithmic execution has been on the rise in foreign exchange for a decade, but always with the understanding that in volatile times traders switch back to other channels to avoid the possibility of liquidity gaps and flash crashes.
In April, something changed and, for the first time, clients increased their use of algorithmic trading despite spiking volatility and highly unpredictable market conditions.
Deutsche Bank’s Vittorio Nuti, global head of LD and FX algo trading, assigned the change in behaviour to better algo performance, more trust and tools such as A/B testing that allow clients to have higher confidence in future outcomes.
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