Sell Side Stresses Cross-Asset Capabilities
Wall Street's automated trading leaders serving up options, forex strategies
As belts tighten across Wall Street, algorithmic trading is helping the sell side tackle market fragmentation cost-effectively, speed up markets and cut back on staff.
"Sell-side firms are under tremendous cost pressure right now to do more with less and reduce head count," says William Harts, president of New York-based electronic trading consultancy Harts & Co. and former head of algorithmic trading at Bank of America. "That means far more automation and the use of algorithmic trading.
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