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Don’t blame the tools for bad workmanship

Algorithmic trading is on the up, but perhaps one of the things that is holding back its implementation is a lack of education. Industry experts discuss this, other issues facing the market and likely future developments in FT Mandate’s latest roundtable discussion.

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Don’t blame the tools for bad workmanship /Part Two
— Marcus Hooper,Investit

Henry Smith: Do you think MiFID will increase the usage of algorithmic trading and DMA?

Marcus Hooper: It’s possible, and only insofar as MiFID is quite formulaic in terms of what it’s asking people to do. Something that’s formulaic, like an algorithm, certainly fits the pattern if you like. Certainly in the context of retail execution.

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