The White Box Approach – Algorithmic Trading for FX
by John Bates, Vice President Apama Products, Progress Software.
Algorithmic trading in FX (foreign exchange) is still in the early stages of growth; however there is a growing adoption of algorithmic techniques. A major factor in FX is that each firm has different requirements, so rather than purchasing pre-built ‘black boxes’ – offering packaged trading strategies or capabilities – firms are adopting a ‘white box’ approach. This enables them to rapidly build and customise algorithms as they grasp the full potential of their own capabilities.
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