PT - JOURNAL ARTICLE AU - Peter Bergan AU - Colleen Devine TI - Algorithmic Trading DP - 2005 Mar 20 TA - Trading PG - 14--18 VI - 2005 IP - 1 4099 - http://guides.pm-research.com/content/2005/1/14.short 4100 - http://guides.pm-research.com/content/2005/1/14.full AB - In this article, Bergan and Devine consider the advantages and disadvantages that algorithmic trading offers the investment industry. The authors outline the evolution of the market, examine the effects of best execution and trade cost analysis, and assess the key ingredients for a successful modern trading desk.