FX algo users change tack to navigate market doldrums
BestX data finds traders ditching TWAP in favour of more opportunistic execution styles
Since the summer of 2022 until August this year, trading volumes and volatility in the G3 markets have been consistently low, reflecting a broader trend of subdued market activity and volatility across the foreign exchange spectrum. This observation is further supported by data on algorithmic trading volumes from BestX, which reveals a widespread decline in usage across various algo styles, indicating that the market has entered a phase characterised by low volatility and volume.
The prevailing
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