by Gord Collins

Algorithmic Trading Expected to Grow Strong to 2006

Research company Tower Group, a leading research and advisory group to the financial industry expects algorithmic trading to grow to 27% of U.S. equity flow by the end of 2006. Estimates by other observers are that 80% of major investment houses have adopted the technology. The company cites recent moves by major institutional investment firms to switch to algorithm-based trading. Their research suggests the reason for this changed is less on the revolutionary capabilities underlying algorithms — and more on the changing nature of the markets themselves.

Hot Jobs

Algorithmic specialists are in hot demand by many large investment firms making algorithmic trading the hottest field in the industry.

Here’s a few typical advertisements:

Global Hedge Fund seeks an algorithmic trading strategist, with 3-4 years previous work experience in algorithmic or program trading. The key responsibility of the strategist is in the design and implementation of algorithms for the automated trading of equities.

Leading investment bank has an excellent opportunity for an experienced C++ developer to join their statistical arbitrage desk. Working closer with statistical arbitrage traders it is imperative that you have a good business understanding of Equities. The ideal candidate will also have experience in algorithm development, real-time high frequency trading applications or arbitrage applications.

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