[ A L G O R I T H M I C
T R A D I N G
S U R V E Y ]
Exane BNP Paribas
E
scores from this year’s hedge fund respondents, with
xane BNP Paribas attracted only half as many
decreased scores in all but one of the 14 categories
hedge fund respondents year-on-year, although
reviewed. There were significant declines in the im-
this translated into a small decrease in the percentage
proving trader productivity, reducing market impact,
of overall respondents for this year’s survey. The ma-
price improvement, customisation, crossing and dark
jority of the Paris-based firm’s respondents were from
pool access categories compared to last year’s ratings,
small-to-medium AuM brackets, with just one hedge
however Exane BNP Paribas still outperformed
fund managing more than $50 billion of assets. Over
the survey average in six of the 14 categories under
half of respondents indicated they had increased their
review. The only category in which the firm received
usage of Exane BNP Paribas algos over the past year,
an increased year-on-year score was for its customer
while all respondents said that the firm was their only
support, which saw a marginal uptick from 6.12 in
provider of trading algos. However, just under one-
2017’s survey to 6.17 this year. Exane BNP Paribas’
third of hedge fund respondents indicated that they
BNP
Paribas
highest score from hedge fund respondents was in the
were considering Exane
adopting
algos
from other providers.
Improve
anonymity category, which was rated 6.19, a year-on-
Following an impressive showing in last
year’s
Reduce
Execution
year decrease of
0.15.
survey, Exane BNP Paribas
more critical
Year received far trader
Cost
Speed
2018
2017
RATINGS FOR ALGORITHM PERFORMANCE
productivity
5.03
market impact
consistency
5.53
6.42
5.34
6.69
5.26
6.38
5.37
6.18
2018
5.03
Improve trader productivity
6.42
5.53
Reduce market impact
6.69
5.34
Execution consistency
6.38
5.26
Cost
6.18
5.37
Speed
2017
6.32
6.19
6.34
Anonymity
4.82
Price improvement
5.99
5.56
Customisation
7.00
5.50
Ease of use
4.62
Crossing
6.36
5.72
6.17
6.12
Customer support
5.73
Execution consulting
4.97
Dark pool access
6.30
5.70
Smart order routing capabilities
0.00
1.0 0
2.00
3.00
4.0 0
5.00
6.03
6.0 0
6.32
7.00
Issue 56 // TheTradeNews.com // 85
6.32
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