The TRADE 51 | Page 74

[ 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 5: Proportion of trades executed with algos by value (% of responses) 13.29 2015 2016 2017 3.92 0-5% 9.36 8.86 6.62 5-10% 7.75 12.02 10-20% 22.29 12.30 17.08 20-30% 21.99 16.31 24.68 9.03 30-40% 4.81 24.06 40% and over 34.34 43.32 0.12 1.81 Not Answered 6.15 0 5 10 15 20 25 30 35 40 45 74 TheTrade Spring 2017