The algorithmic trading market is expected to grow at a CAGR of 11.23% over the forecast period (2021-2026) Traditionally, traders keep track of their trading activities and investment portfolio by using market surveillance technology. Applications, such as algorithmmic trading, have built-in intelligence to search for the opportunities that exist in the market.
Algorithmic trading works when big trades are fed into computers running relevant programs. For instance, in April 2020, Bitcoin suddenly jumped by 20%. Some observers speculated that algo trading might have been the factor behind the sudden move in the world’s most popular cryptocurrency.
Cloud-based trading works on the cloud computing model that uses networks of remote servers usually accessed over the internet to store, manage, and process data. Traditional traders can deploy algorithmic trading in the cloud to check new trading strategies, backtest, and run-time series analysis, while executing trades. Hedge funds and real money accounts are leading the end-user industry.
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