Over the few years that algorithms have been transforming
equities trading, a persistent question has been whether and how
soon these automated strategies would replace human traders.
Perhaps a better question today is: What would traders do if they
were suddenly denied access to algos?
Algorithms, which initially were offshoots or complements of the
trading process, have since become instrumental to it. Their
importance has grown far beyond the early function of efficiently
working a large block order. Developers are working overtime to add
features and functionality and stay ahead of the competition as the
consumers of algorithms on the buy side become increasingly adept
and want to do more with them. |
