Fine-Tuning Algos to Fit the Market
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.
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