State Street FX Algos Go Live on BidFX

Boston-based investment bank State Street has made its suite of algorithms available to traders on the BidFX platform to provide more flexibility in execution during heightened market volatility, according to a story in The Trade news. The four algorithmic strategies by State Street will be available directly on the institutional foreign exchange trading platform provider’s network and will give users more flexibility in execution by tailoring approaches to client requirements and trading preferences. BidFX, which was previously a subsidiary of trading systems provider TradingScreen, has more than 100 banks, hedge funds, and asset managers connected to its platform.