UGS to bring FX algo trading to the masses

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UGS to bring FX algo trading to the masses

Unified Global Solutions has launched a new FX algorithm platform that is intended to bring higher-frequency currency trading to the masses.

The Raleigh, North Carolina-based technology company, which carries out market microstructure model development for institutional clients, has spent three years developing the project, which is referred to simply as ‘the platform’. It will be targeted at smaller institutional clients, also known as Exempt Contract Participants (ECP), such as commodity trading advisers, which are either firms or individual investors with more than $10 million under management. According to UGS, investors of such a size have not had access to such technology in the past because they were perceived as being too small....

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