FOW Intelligence: InfoReach boost to algo flexibility
InfoReach has launched FIX-based multi-leg order capabilities, which it claims will increase flexibility for clients using automated strategies, writes Jonathan Watkins.
The system for derivatives will allow traders to modify multi-leg algorithm orders if they want to implement new strategies in line with changing market trends.
Peter van Wely, head of InfoReach Europe, told FOWi that a large demand for flexibility on algorithms had prompted the development.
“We're seeing in the UK and Europe, people increasingly using automated trading and algorithms...”
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