Liquidity Is Still the Most Important Factor for FX Algos Users
Thursday,09/02/2023|09:45GMTby
FM
69% of respondents pointed to liquidity searching algos as the most popular and often used.
A Coalition Greenwich 2021 Market Structure & Trading Technology Study revealed that ‘Liquidity searching’ algorithms (algos) were the most popular type of algos among clients using algorithms.
Roughly 69% of respondents pointed to this type of algo being the most popular and often used form.
It should not be a surprise that this type of algo is the most popular. Liquidity-seeking algorithms, in short, provide users with the potential to reduce risk, which is achieved by the search process for short-term liquidity, so it can be accessed at a lower cost.
However, the more advanced algos are designed to reduce leakage of order information while seeking for liquidity by balancing the quality of the liquidity throughout the life of the order.
This is being achieved by dynamically adjusting venue segments, quantities of minimum execution and the spread allowances.
More Users
There are more types of algos than liquidity seeking only, although this type is the most popular. The others are passive, VWAP (volume-weighted average price) and TWAP (Time-weighted average price).
In general, the popularity of FX Algos in trading is growing and is expected to expand even more in near future. So, what do FX Algos offer to the client on the most basic level?
· Automation
· Transparency
· Confidentiality
· Adaptability
The COVID Era Helped the Algos
In the environment of a growing pandemic, more and more sectors of the economy began moving more into a ‘home office’ style of doing business, with a larger emphasis on ‘remote working’. This was also the trajectory for the financial industry.
The growing number of people working remotely has fostered a growing need for automation in trading. Moreover, this necessitated companies to meet new market demands. Recently, the majority of venues and large institutional players have been adding FX algos to their offers.
FxSpotStream is a great example of this, having launched its FX Algos and Allocations service back in 2021.
“As the pandemic unfolded, clients seemed to quickly appreciate the fact that algos can be used for smaller sized orders, that they actually are robust, and in times of volatility they are able to give the outcomes that people say they will give,” said a senior bank trading executive, speaking about the algo ‘FX Market Structure 2022’ panel, hosted by The Full FX.
FXSpotStream offers its clients 70 different algos and more than 200 parameters within those strategies.
Just recently, FXSpotStream extended its LPs’ algo offering from its original API channel to its GUI. Since launching algos in July 2021, it has supported over $19 billion in algo volumes across 46 currency pairs in spot and NDFs, from eight clients accessing 26 different strategies from 10 LPs.
FxSpotStream has kept expanding its algo offer since early 2021. The recent extension of it to GUI aims to make the usage of algos even easier.
The GUI is based upon HTML5 technology, which allows it to be launched directly from a browser without any need to download software onto a local PC/network.
The combination of the algo functionality with the support for allocations means FxSpotStream will be able to support a growing number of hedge funds, asset managers, multinational corporations and regional banks.
A Coalition Greenwich 2021 Market Structure & Trading Technology Study revealed that ‘Liquidity searching’ algorithms (algos) were the most popular type of algos among clients using algorithms.
Roughly 69% of respondents pointed to this type of algo being the most popular and often used form.
It should not be a surprise that this type of algo is the most popular. Liquidity-seeking algorithms, in short, provide users with the potential to reduce risk, which is achieved by the search process for short-term liquidity, so it can be accessed at a lower cost.
However, the more advanced algos are designed to reduce leakage of order information while seeking for liquidity by balancing the quality of the liquidity throughout the life of the order.
This is being achieved by dynamically adjusting venue segments, quantities of minimum execution and the spread allowances.
More Users
There are more types of algos than liquidity seeking only, although this type is the most popular. The others are passive, VWAP (volume-weighted average price) and TWAP (Time-weighted average price).
In general, the popularity of FX Algos in trading is growing and is expected to expand even more in near future. So, what do FX Algos offer to the client on the most basic level?
· Automation
· Transparency
· Confidentiality
· Adaptability
The COVID Era Helped the Algos
In the environment of a growing pandemic, more and more sectors of the economy began moving more into a ‘home office’ style of doing business, with a larger emphasis on ‘remote working’. This was also the trajectory for the financial industry.
The growing number of people working remotely has fostered a growing need for automation in trading. Moreover, this necessitated companies to meet new market demands. Recently, the majority of venues and large institutional players have been adding FX algos to their offers.
FxSpotStream is a great example of this, having launched its FX Algos and Allocations service back in 2021.
“As the pandemic unfolded, clients seemed to quickly appreciate the fact that algos can be used for smaller sized orders, that they actually are robust, and in times of volatility they are able to give the outcomes that people say they will give,” said a senior bank trading executive, speaking about the algo ‘FX Market Structure 2022’ panel, hosted by The Full FX.
FXSpotStream offers its clients 70 different algos and more than 200 parameters within those strategies.
Just recently, FXSpotStream extended its LPs’ algo offering from its original API channel to its GUI. Since launching algos in July 2021, it has supported over $19 billion in algo volumes across 46 currency pairs in spot and NDFs, from eight clients accessing 26 different strategies from 10 LPs.
FxSpotStream has kept expanding its algo offer since early 2021. The recent extension of it to GUI aims to make the usage of algos even easier.
The GUI is based upon HTML5 technology, which allows it to be launched directly from a browser without any need to download software onto a local PC/network.
The combination of the algo functionality with the support for allocations means FxSpotStream will be able to support a growing number of hedge funds, asset managers, multinational corporations and regional banks.
Beyond the Prompt: Solitics’ VP Product, Guy Shemer Exposes ‘Traditional’ AI Flaws and Reveals New Product: the AI Expert
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
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This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🎥 TikTok: / fmevents_official
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This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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Mind The Gap: Can Retail Investors Save the UK Stock Market?
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
