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Retail Traders Apply Algorithms to FX
Nov 27, 2007 @ 05:03 PM By Ivy Schmerken,As online brokers make foreign exchange trading more accessible to retail traders, algorithmic trading is spreading beyond institutions to the savvy individual. “We’re seeing retail traders now come in building their own models and who are involved in high-frequency trading,” says Thomas Plaut, CEO of FX Solutions, an Internet-based foreign exchange broker in Saddle River, New Jersey, that provides a global trading system specializing in the top 20 high volume currency pairs.
Continue reading ...FX Electronic Trading to Reach 60% by 2010
May 31, 2007 @ 05:51 PM By Kerry Massaro,Electronic trading in FX will exceed 60% by 2010, says Tom Price ,TowerGroup senior analyst, at the research firm’s annual Financial Services Conference and Exhibition in Boston. In Price’s seminar, “Foreign Exchange: Old World and New World Market Growth”, he describes how FX trading has changed and how it will continue to evolve into a highly automated marketplace similar to the equities market. He notes that FX average daily volume will exceed $3 trillion in 2007, with more than 45% of trading being done electronically by end of this year.
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