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FX Solutions

Algorithmic Trading

Ready for greater control over your order executions? Our foreign exchange (FX) algorithms allow you to take greater control over the execution of your orders, utilizing liquidity sourced from multiple providers in the FX market alongside our own liquidity.
Your order is flexible — depending on the algorithm, you can select parameters such as speed, timing and style of trading. Our single dealer platform, VectorFX®, can be configured to display your executions as they occur, giving you the ability to adjust trading parameters in real time.

Time Weighted Average Price (TWAP)

Our TWAP algorithm allows you to establish parameters to slice your order evenly across a time horizon using a specified slice size or slice interval.

Volume Weighted Average Price (VWAP)

Our VWAP algorithm allows you to slice your order based on historical volume curve data or our proprietary dynamic volume forecast model data.

Float

This algorithm aims to trade in alignment with the market and can be used to capture, spread and price improvement when the market is moving in your direction.

Sweep & Post

This algorithm aims to take liquidity up to the specified limit price, with any outstanding amount optionally worked in the market as iceberg orders, as specified.

Interest Match Feature

Our Interest Match feature, if supported and enabled for an algorithm, allows you to leverage our strength in real money market share from our market making franchise, potentially lowering market impact and reducing signaling on external trading venues.

For more information on our algorithms, please contact your sales trading relationship manager for our VectorFX Algorithm User Guide and Foreign Exchange Trading Algorithms Material Risk Disclosure.

Use of our algorithms is subject to State Street’s eFX terms and conditions. Click here to read the terms and conditions.