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The Explosive Growth In Algorithmic Trades

Traders Magazine, September 2004

Gregory Bresiger

In two years, algorithmic trading volume will double, comprising some 27 percent of U.S. equity flow, according to a study by the TowerGroup. The research organization said that the changing nature of markets is why this kind of trading is more popular. "Fragmentation of liquidity and lower commission price points are driving the buyside towards the use of algorithms," says Gavin Little-Gill, a senior analyst in the investment management research service at TowerGroup. He also says that, "Institutional brokers are looking to the same tools to lower their trading costs to support those reduced commissions."

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