Reforms Could Force OTC Markets to Embrace Trading Algorithms
By Mark Pengelly
Published September 05 2011 Risk Magazine
Talking up the use of trading algorithms in over-the-counter derivatives markets might seem like a classic case of dealers trying to run before they can walk. Despite a gradual shift towards electronic trading, the vast majority of OTC trades are still executed in the same way they always have been – over the phone – which doesn’t offer a lot of scope for the application of algorithms.
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