The TRADE 51 | Page 70

[ 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 2: Reasons for using algos (% of responses) 2015 2016 2017 8.60 Consistency of execution performance 10.00 14.00 11.70 11.80 Reduced Market Impact 13.90 8.40 Increased trader productivity 12.00 9.20 Ease-of-use 13.00 12.10 12.20 Greater anonymity in trading 14.50 11.90 10.30 8.10 7.50 7.90 Better prices (Price Improvement) 7.40 5.20 Lower commission rates 7.50 4.40 7.00 5.20 Customisation capabilities 8.20 5.90 4.80 Higher speed, lower latency trading 7.10 5.80 1.20 0.30 Execution Consulting 2.50 9.20 Opportunities to benefit from internal crossing 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 70 TheTrade Spring 2017