Algorithm usage holds up well

Despite a lot of conjecture to the contrary, it seems that hedge and other funds are as committed as ever to the use of algorithms. According to a recent Tabb Group report, the top providers by market share were: Credit Suisse in the number one spot, Goldman Sachs and Morgan Stanley tied for second, ITG in third, JP Morgan in fourth and UBS in fifth. Demand will likely grow next year. Article (Advanced Trading)