ANZ defies ‘white label’ trend with algo expansion

Instead of relying on large LPs, Australian bank aims to offer six new FX algos of its own by February

Credit: montage

In recent years, an increasing number of large liquidity providers, including JP Morgan and XTX Markets, have begun “white labelling” their foreign exchange spot execution algorithms. Under such arrangements, a regional bank will rebadge the larger LP’s algo as its own, and both sides will share the fee charged to the end-client.

The regional bank can thus bring algorithmic trading strategies to its clients quickly and cheaply without having to build them up by itself. Crédit Agricole and

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