Foreign Exchange

When it comes to the question of algos selection, “more is not necessarily better,” asserted one expert panellist at the TradeTech FX conference.

Prime brokerage and peer-to-peer liquidity were just some of the solutions explored by TradeTech FX panellists looking to access diversified liquidity sources in light of the reduction in warehousing by banks.

“One of the big things which I always say to everybody is that an AI model will not go to jail, the CEO will go to jail,” said one panellist.

Named BestXecutor, the new tool offers FX Connect clients actionable pre-trade analytics to optimise request-for-stream and algo execution.

Market experts advised attendees at The TradeTech FX conference that there is a real opportunity for all industry players to have agenda-setting power when it comes to the global code.

The bank will deliver Tradefeedr trading analysis to clients via an API, while Societe Generale’s FX algos will be featured in Tradefeedr’s Pre-trade Algo Forecasting service. 

Service will enable buy-side participants to use existing OTC workflows on Digital Vega’s multi-bank platform to request quotes and trade blocks of FX options on futures. 

Platform aims to simplify execution and make decision-making easier for traders, with data and analytics built into every trade.

Through the partnership, mutual clients will have access to a new decision-making suite in FactSet’s EMS to support pre-trade execution routing decisions for the buy-side.

The offering works from price discovery through to execution, booking, and risk management within the FX options market – combining SpectrAxe’s price discovery and execution CLOB with OSTTRA’s post-trade network.