Algo users seek apples-to-apples info

BIS study raised concerns; standards now a work in progress at GFXC

Faced with a lack of standard information in the market for execution algorithms, some users are taking matters into their own hands.

According to Ralf Donner, head of fixed income execution solutions at Goldman Sachs, the emerging trend sees clients collecting information from algo providers via questionnaires, then aggregating the responses so they can conduct their own apples-to-apples comparisons.

“I think that’s been the buy side’s reaction to try and get standardisation. The question