BidFX algo offering keeps growing, adds Standard Chartered Bank

BidFX is happy to welcome Standard Chartered Bank’s full Algo suite to its market leading Algo offering. The SCB Algo suite is immediately available to all SCB clients; and is the newest algo liquidity provider on the FX platform expanding on their already comprehensive FX offering on BidFX.

BidFX CRO, John McGrath, commented, “SCB are a leading liquidity provider on the BidFX platform and the expansion to add their Algo Suite has been very well received by the institutional buyside currently using BidFX. The evolution within the FX Algo space, regulatory and functional, has led to many of our clients looking for more sophisticated execution mechanisms. As part of this we have been working with our existing Liquidity Providers to provide an Algo Hub service to clients which encapsulates a complete range of strategies with no development and infrastructure costs. We work closely with our Algo providers such as SCB to ensure any new Algos can be onboarded as quickly as possible and in line with client demand.”

Jonathan Wykes, Global Head of Client Algo Distribution at SCB commented, ‘In response to increased demand for intelligent and transparent execution, we are pleased to be collaborating with BidFX to expand the distribution of our full suite of algos.  SC client execution algos have been designed with our clients’ trading objectives as the primary focus, determining how they behave and what they set out to achieve. Our strategies aim to work orders without signalling, can provide rapid execution if necessary, or trade on a volume or time trajectory.  SC clients can be confident that our sophisticated execution tools help optimise execution performance, allow access to our unique liquidity from our EM franchise, improve execution transparency whilst aiming to leave minimal footprint in the market. Our Algo Quants are continuously conducting research on how to best enhance our strategies to ensure we remain at the forefront of the evolving landscape.’

About Standard Chartered Bank

We are a leading international banking group headquartered in London and have operated for over 160 years in some of the world’s most dynamic markets.  Our purpose is driving commerce and prosperity through our unique diversity. For more information, visit: www.sc.com