Algorithmic trading has made great headway in financial derivatives markets, but much less in commodities. That may be starting to change, according to Trayport, the commodities trading software specialist owned by GFI Group.
Trayport plans to launch an automated trading engine in the third quarter. “Automated trading was always eventually going to creep into any form of electronic trading,” said Elliott Piggott, managing director of Trayport in London. “Now it’s here in commodities.”
The company has finished writing the software, which clients had requested, and is testing it with users at...