Firms, nowadays, are choosing super-speed algorithmic FX trading techniques, The Wall Street Journal reports. Algorithms can be used to generate up to 500 orders a second in the case of FX.
Currently, very few firms use algorithmic execution for hedging, said Frederic Jeanperrin, global head of FX and interest rate derivative corporate sales at Societe Generale in London. The Bank of England estimates that a quarter of spot FX transactions in London come from high-speed trading accounts.
Click here for the story from The Wall Street Journal.