Algorithmic Trading Industry Overview
The algorithmic trading market is highly fragmented with the presence of major players like Thomson Reuters, Jump Trading LLC, Refinitiv Ltd, 63 Moons Technologies Limited, and Virtu Financial Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In June 2023, Virtu Financial launched Alert+, a new workflow solution available in POSIT Alert that enhances the features of POSIT Alert by providing automated routing to Virtu's Covert execution algorithm to seek non-displayed liquidity.
In October 2022, Multi Commodity Exchange of India Limited (MCX) partnered with 63 Moons Technologies for software technology services for three months to continue to experience seamless trading.
In October 2022, Refinitiv, an LSEG business, announced the introduction of a secure, personalized, and frictionless global digital onboarding solution to assist businesses in streamlining their approach to onboarding customers. Refinitiv's digital customer onboarding solution offers a fully configurable user interface, allowing organizations to provide the product application process that can be delivered via the web, mobile, and API.
Algorithmic Trading Market Leaders
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Thomson Reuters
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Jump Trading LLC
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Refinitiv Ltd
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63 Moons Technologies Limited
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Virtu Financial Inc.
- *Disclaimer: Major Players sorted in no particular order