[ A L G O R I T H M I C
T R A D I N G
S U R V E Y ]
ALGO 2018
ALGO 2019
ALGO 2020
Figure 1: Rating of algo performance
Weighted average score
Aspect of service
Execution consulting/pre-trade cost estimation
5.43
5.32
Customisation features
5.50
5.51
5.58
Price improvement
5.66
5.57
5.59
5.53
Algo monitoring capabilities
5.58
5.55
Data on venue/order routing logic or analysis
5.62
5.68
5.62
Reduced market impact
5.80
5.70
5.67
Flexibility/ sophistication of SOR
5.70
5.72
5.75
Anonymity
5.85
5.72
5.48
Cost
5.71
5.73
5.56
Speed
5.87
5.76
5.59
Increase trader productivity
5.80
Execution consistency
5.57
5.75
Breadth of dark or alternative
5.67
liquidity sources that are accessed
5.81
5.74
5.90
5.75
5.89
5.92
Ease of use
5.76
5.95
5.96
Customer support and services
5.00
5.10
5.20
5.30
5.40
5.50
5.60
5.70
5.88
5.80
5.90
6.00
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