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[ A L G O R I T H M I C T R A D I N G S U R V E Y | H E D G E F U N D S ] Fig 2: Why traders use algos Execution consulting Hedge Funds 2017 Long-only 2017 Higher speed, lower latency trading Customisation capabilities Opportunities to benefit from internal crossing Better prices (price improvement) Lower commission rates Greater anonymity in trading Increased trader productivity Ease-of-use Consistency of exe- cution performance Reduced market impact 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 Percent of responses 50 TheTrade Autumn 2017