InterbankFX has created an interesting Infographic about algorithmic trading in the FX market.
Equity and futures traders are already familiar to HFT algos and many of them can confirm how much they hate the speedy bots. As an old-fashioned guy who prefers to trade manually, I look at these statistics and they’re frightening from a retail participant’s perspective. Good luck to us all, especially fellow scalpers – you’ll need it the most…
Or we can all get a personal bot to harvest pips in microseconds 🙂
more on topic: ICAP signs banks to tackle FX algo trading (Reuters)
Click the image for full size infographic: