In Algos we trust?

Electronic trading

Algorithmic trading has become a common-place feature of buy-side equity order execution. The technique, however, which involves the use of complex models to optimise the size and timing of orders, so that large trades can be executed cheaply with minimal market impact, is mutating. In a world of wafer-thin equity commissions, algorithmic execution is becoming an increasingly crowded space on the sell side, with providers - be they broker-dealers or agency-only firms - involved in a race to