Coherent Market Insights, the cloud computing market is expected to grow from US$ 58 billion in
2013, to US$ 191 billion by 2020, and professional cloud services market is expected to grow
from US$ 15.36 billion in 2017, to US$ 41.59 billion by 2023. Hence, increasing adoption of cloud
based services is expected to drive growth of the algorithmic trading market.
Moreover, owing to increasing disposable income has let to increasing trading activity.
Henceforth, increasing disposable income is one of the driving factor of algorithmic trading
market. According to IBEF (India Brand Equity Foundation), in 2018 total rural income is at
around US$ 572 billion, is projected to reach US$ 1.8 trillion by year 2021. India’s rural per capita
disposable income is estimated to increase at a CAGR of 4.4 per cent to US$ 631 by 2020
On the basis of region, algorithmic trading market is segmented into North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa. North America algorithmic trading market
contributed the largest market share in 2018. This is due to strong technological advancements
and considerable application of algorithm trading among various end-users such as banks and
financial institutions, across the region. According to SelectUSA, financial markets in the U.S. are
the largest and most liquid in the world. In 2017, finance and insurance sector represented 7.5%
(or US$ 1.45 trillion) of U.S. gross domestic product. For instance, in April 2018, BMO Capital
Markets, the investment and corporate banking arm of BMO Financial Group, announced multi-
year strategic partnership with Clearpool Group, a provider of advanced electronic trading
software. Under this agreement, Clearpool will provide BMO with a fully customizable algorithmic
management system (AMS) infrastructure to execute Canada equities for BMO's institutional
clients.
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Key Players in the Global Algorithmic Trading Market:
Some of the key players operating in the market include AlgoTrader GmbH, Trading Technologies
International, Inc., Tethys Technology, Inc., Tower Research Capital LLC, Lime Brokerage LLC,
InfoReach, Inc., FlexTrade Systems, Inc., Hudson River Trading LLC, Citadel LLC, and Virtu
Financial.
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