The TRADE 51 | Page 72

[ A L G O R I T H M I C T R A D I N G S U R V E Y ] Fig 3: Average no. of providers used by asset manager AUM 2015 2016 2017 1.33 Up to 0.25 3.51 1.33 1.43 1.12 0.25–0.5 2.20 3.24 0.5–1 3.13 1.00 3.07 1–10 4.32 3.96 5.12 3.75 10–50 4.07 4.52 More than 50 5.09 4.07 Not Answered 3.67 3.49 1.80 0.00 1.00 2.00 3.00 4.00 5.00 6.00 72 TheTrade Spring 2017