Not answered
2.4
2.33
Up to $0.25 billion
1.67
1.84
[ A L G O R I T H M I C T R A D I N G S U R V E Y ]
$.02 5- 0.5 billion
1.5
2.2
$0.5 - 1 billion
4.5
1.56
$1 - 10 billion
4.79
3.93
Hedge funds 2018
$10 - 50 number
billion of providers
4.8 used by 4.5
Figure 3: Average
AUM
Hedge funds 2017
More than $50 billion 5.2
3.68
2.4
2.33
Not answered
1.67
Up to $0.25 billion
1.84
1.5
$0.25 - 0.5 billion
2.2
4.5
$0.5 - 1 billion
1.56
4.79
$1 - 10 billion
3.93
4.8
$10 - 50 billion
4.5
5.2
More than $50 billion
3.68
0
1
placing a high emphasis on being
able to trade via algos in a simple,
flexible manner, particularly for
off-exchange trading.
Consistent simplicity
A desire for reliability and sim-
plicity from hedge funds was also
evident in Figure 2, which displays
respondent’s various collective
reasons for using algos. This trend
was also evident among long-only
firms, where, in a post-MiFID II
2
3
4
5
6
“This year hedge funds seem to have shifted their
strategies in favour of algo trading, with a significantly
higher proportion of respondents indicating
that more value has bee