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FX Traders Are Going to Be Hooked on Algos

Updated on
  • One in 10 currency traders uses algos: Greenwich Associates
  • Adoption of trading algorithms seen as a future need

In a few years, currency traders will be hooked on algos like their stock-market colleagues.

That’s the view of David Stryker, a principal at consulting firm Greenwich Associates LLC, who sees foreign-exchange markets following equities in the widespread adoption of computerized trading.