TCA data on FX algo performance winning over the buy-side
Transaction cost analysis (TCA) data on the performance of algorithms in foreign exchange (FX) is proving a hit with the buy-side.
Speaking at TradeTech FX Europe in Barcelona, a panel of FX market participants agreed that the use of algorithms will likely increase. However, uptake has been slow on the buy-side despite the market moving towards an equities style through more automation.