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Commentary

John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

Traders Poll

What is your favorite movie about trading?

Wall Street

23%

The Big Short

13%

Margin Call

6%

Equity

0%

Trading Places

38%

The Wolf of Wall Street

8%

Boiler Room

7%

Arbitrage

0%

Too Big to Fail

5%

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What can you do to make your algo more successful?

Understanding your algorithm is a vital part of trading today’s markets. Why do they do what they do? And can you make them do it better? Check out the other Bloomberg Tradebook videos below. For more information, visit: www.bloombergtradebook.com.

Q&A

Q: How important is liquidity when your algo is trying to determine buying pressure?

A: Very. Think of liquidity as a pool of water—you’d want to know how deep it is before you start swimming. Determining whether there is real, deep liquidity in a buying pressure situation will shape how aggressively your algo can pursue the trade or whether that buying pressure might not have a lot of depth behind it.

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About Insight Bites in 60 Seconds

When it comes to stock trading, so much is changing so quickly that it’s difficult to understand and manage all the variables. Whether it’s algorithmic trading, price swings or dark liquidity, The Insight Bites series presents smart and concise snapshots of what a trader can do to address and overcome the most pressing of these challenges. Hosted by Traders Magazine and brought to you by Bloomberg Tradebook, each 60 second animated video provides quick and humorous insight into a unique issue that traders face every day. For more information, visit www.bloombergtradebook.com.