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European Equity Traders Replaced by Computers

Mar 13, 2014
Jing Chen

European equity investors are reportedly increasingly replacing human traders with computers.

Reuters reported that new regulations—designed to protect investors by making the industry more transparent-- are pushing firms to turn to electronic trading for efficiency and low-cost sake.

The news outlet quoted a study conducted by consultant TAAB which indicated that European investors put 51% of their trading last year through computers connected to the stock exchange or by using algorithms to find a counterparty, compared to 46% on 2012.

The study also showed that the majority of the managers surveyed intend to perform the majority of their business through electronic channels, which can cut trade costs by two-thirds compared to trading done through a human.

Separately, regulators would like more bond trading to go electronic as well, but progress there has been much slower.

 

 

 

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Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

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