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).