For Europe, U.S. Algo Lessons Useful But Limited
With adoption taking off, providers seek to regionalize successful strategies
Since the Markets in Financial Instruments Directive (MiFID) took effect late last year, the European market has been undergoing highly anticipated changes. A long list of electronic trading venues are gearing up or have already launched, and algorithmic strategies are rising in prominence--much as they have in a fragmented U.S. market.
A June study from Tabb Group says that 74 percent of U.K. firms are using algorithms, up from 50 percent in 2007. In Western Europe, according to the report, adoption grew from 30 percent to 67 percent over the same period. And with new platforms starting up all over the continent, that demand will only increase.
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