Debate : High frequency FX trading: technology, techniques and data
With Dr Richard Olsen, Chairman and CEO of Olsen, Thomas Parry,
Director of Algorithmic trading at Plimsoll Capital, Jonathan Webb,
Portfolio manager at C-View
Is success in high frequency trading (HFT) in FX
almost entirely dependent upon having superior
Dr Richard Olsen: Definitely, HFT is
technology-driven. At Olsen we have developed a systematic
trading environment that executes approximately 3,000 trades per
day. The platform is computer-based, where humans oversee the
trading activity without actively intervening. We human beings
check that the processes are running according to plan. In an
emergency we will reactivate a process.
Our trading-model environment comprises the following services:
the core trading model taking trading decisions; a
trading-support service for trade execution (the actual trades);
customer reporting; and a host of monitoring tools. As is typical
of modern technology, the success of our environment does not
rely on one or two ideas, but builds on a complex system that has
been well-tuned at all levels of operation.
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