Nordea FX algo suite

Transparent Scandi Liquidity

Download FX algo suite fact sheet

Key Benefits     |    Our Algos    |    Tutorials    |    Articles

 

As the biggest Nordic bank, we have the solutions you need to interact with Scandi Liquidity. Our Execution Advisory Specialists let you manage your FX trades efficiently while minimising market impact and transaction cost.
We are uniquely positioned to provide you with FX algos that will scale your transaction to fit the current market liquidity. Our extensive FX algo suite covers the full spectrum of any FX transaction needs, from passive to aggressive, with a unique access to both Scandi and Major liquidity.

Our Execution Advisory Specialists are here to let you manage your FX trades efficiently while minimising market impact and transaction cost.

 

Key Benefits of using algos:

  • Control over market impact
  • Access to different liquidity pools
  • Allows capturing spread
  • Transparent, tractable and understandable algorithm logic

 

Our Algos

Benchmarking algos

TWAP
An algorithm that targets the time weighted average price (TWAP) benchmark and strives to minimize slippage against it.

VWAP
An algorithm that targets the volume weighted average price (VWAP) benchmark.

POHV
This algorithm participates in the market passively based on the percentage of historical volume (POHV) in the traded currency pair.

Execution optimisation algos

Make
A passive liquidity providing algorithm that will never cross the mid-price.

Take

An algorithm meant for urgent but smart execution.

Sweep
The Sweep algorithm uses the smart order routing logic to take liquidity aggressively. Sweep gathers all the available liquidity from firm and last-look ECNs. These sources are evaluated dynamically by the algorithm to find an optimal allocation between the available liquidity sources.

 

Tutorials

Nordea’s algos can currently be traded on Bloomberg and FXall.
We have created a complete guide on our algos suitable for both electronic trading portals.
Please download your guide below:

Nordea FX algos fact sheet for Bloomberg

Nordea FX algos fact sheet for FXall

 

Articles

We have produced a series of articles related to FX algo trading and market trends. Have a read below!

Article 1: FX Algorithms – putting the computers to work

What is FX algorithmic trading exactly and when to use it? Our expert Martin Månsson explains it all.

Article 2: The rise of FX algos at Profit & Loss

The Profit & Loss Scandinavia event gathers the Scandinavian FX community and outlines themes, topics and FX products that are surfacing in the industry. This was the 6th annual event this year held in Stockholm. Participating as a panelist was Nordea Market’s very own Niklas Jahnsson. We caught up with the Algo Quants and Insights expert to learn more.

Article 3: Learnings from BIS
Bank for International Settlement (BIS) released their report on monitoring of fast-paced electronic markets in September 2018. The report takes an outset in the fact that Foreign Exchange markets have undergone significant structural changes in recent years.

 

This material is addressed to professional investors and eligible counterparties only and may not be distributed to any other investors.

Download fact sheet covering our FX algo suite

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