Dealers dispute benefts of trading algorithms
Algorithms are important but not indispensable in execution trading, said participants at a panel discussion during the fourth Asia-Pacific Electronic Trading Summit 2006, held in Hong Kong yesterday.
Opinions regarding the benefits of algorithms were varied among the four participants in the panel, which comprised Jonathan Evans, head of dealing at JP Morgan Fleming Japan; Mark Northwood, director of trading, Asia ex-Japan at Fidelity International; Richard Balarkas, global head of AES sales, equities at Credit Suisse; and Keith Ducker, chief investment officer at Tora Trading Services.
Evans questioned whether algorithms can replace the human subjectivity required in executing business. “Are
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