Algo trading set to grow but clearing must meet the challenge, says market

Algo trading set to grow but clearing must meet the challenge, says market 02 May 2008
by Colin Packham, Sydney

Algorithmic trading has been a critical driver behind the rise in exchange volumes in the last few years, but the increase in automated trading presents a challenge to clearing operations, senior market participants said on April 30.

Speaking at a roundtable on the future of derivatives trading, hosted by algorithmic software provider, Progress Apama, Giles Nelson, director of technology progress software, said that the rising exchange traded...

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"I don’t think we’ll ever see interoperability in derivatives clearing. The risks from contagion are just not worth the benefits."

Roger Liddell, CEO, LCH.Clearnet

FOi - Futures and Options Intelligence