This year’s model: how FX algo usage is evolving

The increasing use of algorithms in spot foreign exchange markets over the past few years is well documented, but for clients taking their first steps into the space, the plethora of choice can be overwhelming, with more than 160 algos to choose from. The market and product innovation continues to evolve rapidly, so the expansion of choice is unlikely to slow down any time soon.

Before considering which algo to use, a key consideration is to understand the objective of the trade. Having a clear