Jul 8, 04:36 AM

Algorithms Like Viper and Chameleon Now Handle 75% of FX Trading

Machines with names like Viper and Chameleon are increasingly dominating the world of FX trading. These algorithms now handle more than 75% of trading in some FX markets. Consequently, Wall Street giants are racing to ensure their systems are prepared for this shift. The trend of replacing old-school FX traders with advanced algorithms is reminiscent of similar transitions in the equity markets, which faced regulatory scrutiny. Wall Street firms are particularly focused on adapting to this new landscape.

#Viper #Chameleon #FX #Wall Street

Written with ChatGPT (GPT-4o).

Sources

Bloomberg@business
2 years ago
Machines are taking over the world of FX trading and Wall Street giants are racing to ensure their systems are ready. Read today’s Big Take https://t.co/lrmmBSHV8p
Larry Tabb@ltabb
2 years ago
Old School FX Traders Are Being Replaced By Algos With Names Like Viper We've seen this story before and it didn't work out too well on the equity side - ie Sniper, Guerilla... Marketing like this generally doesn't sit too well with regulators. https://t.co/IlqdBbw0be
Bloomberg@business
2 years ago
Machines with names like Viper and Chameleon are taking over the world of FX trading, and Wall Street giants are racing to ensure they're ready. Read The Big Take ⬇️ https://t.co/iuLw1RrIq6

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