Forex algorithms on rise
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After paying billions in fines to settle allegations that traders tried to rig a key currency benchmark, banks are increasingly turning to computer programs to carry out foreign exchange trades. In an industry traditionally dominated by human traders placing orders by phone, the rise of trading algorithms has accelerated after a global probe into currency trading.
Forex Trading Algorithims | TRADE24
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Technology fuels rise in corporates’ FX algo usage | Euromoney
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FX market braces for rise of algorithms | Reuters
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