Benefits of all-to-all dark mid-matching
Exploring the benefits of all-to-all dark mid-matching in algorithmic FX execution
Mathijs Peeters, Head of Distribution Europe at Siege FX, speaks with FX Algo News in the TradeTech edition.
Short excerpt -
Why are dark pools of liquidity becoming more meaningful for algo FX execution teams?
The short answer is that we are seeing increased participation, a surge in matching success and trade volumes, so the flywheel is accelerating. With match rates in excess of 30%, the Siege MidPool is now a meaningful source of liquidity and value.
What’s even more exciting is that we have a healthy pipeline of both Sell-side algo providers and Buy-side traders who want to join to rest orders in the dark.
In a market that has seen periods of substantial spread widening with increased spot volume on all platforms, dark matching in the MidPool has delivered great value for existing participants. Especially in EM and “Scandies” big cost savings were realised for our participants through spread savings and reduced market impact.
The whole article is free to read at https://fxalgonews.com/explori... or can be downloaded here.
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