FX Algos - evolving the taxonomy

Back in August 2018, we launched our first iteration of ‘Algo Styles’, introducing a taxonomy to categorise the plethora of different  algos (160+ unique algos) we have seen through BestX. Click here for the initial article. The goal of this exercise was to create a mechanism to compare performance of similar algos, allowing our clients to make more informed decisions. The balance is always between introducing too many ‘styles’ making the buckets narrow and impractical for comparison, against too broad that you’re then comparing apples and oranges. We have been deliberately cautious of introducing additional styles, but listening to feedback from both sell and buyside clients, we think now is the time to introduce an additional Style: Pegged.

Please email contact@bestx.co.uk if you are a BestX client and would like to receive a copy of the paper, which is also hosted within our FAQ section of the UI.