RT Journal Article
SR Electronic
T1 Are Algorithms Commoditized?
JF Trading
FD Institutional Investor Journals
SP 21
OP 25
VO 2006
IS 1
A1 Niall McIntyre
YR 2006
UL http://guides.pm-research.com/content/2006/1/21.abstract
AB There is a perception that algorithms are becoming commoditized, which is partially fuelled by the number of brokers offering algorithmic trading. If so many brokers can do it, the argument runs, it cannot be that difficult. Actually, the algorithmic provider market is not commoditized—it is just a little opaque. The quality of algorithms varies dramatically from broker to broker. The way to find the best in class is to talk to your brokers and understand how their algorithms work and the implications of their trading strategies—use this article as a guide.