The TRADE 56 | Page 74

[ A L G O R I T H M Increase I C T R trader A D I 10.04 N productivity G S U R V E 11.56 Y ] Internal crossing 6.32 8.16 Lower commission 10.69 rates 9.06 Reduce market 12.27 impact 12.66 Figure 2: Reasons for using algorithms (% of responses) Results match pretrade 2.42 estimates 2.15 Hedge funds 2018 Hedge funds 2017 5.02 Better prices (price improvement) 8.56 14.5 Consistency of execution performance 12.61 7.71 Customisation of capabilities 6.96 14.59 Ease of use 12.31 10.13 10.71 Greater anonymity 6.31 Higher speed, lower latency 5.26 10.04 Increase trader productivity 11.56 6.32 Internal crossing 8.16 10.69 Lower commission rates 9.06 12.27 12.66 Reduce market impact 2.42 Results match pretrade estimates 2.15 0 74 // TheTrade // Summer 2018 2 4 6 8 10 12 14 16