An Insider Exposes The Algo Secrets Of The FX Market

[thenews]

From algos to trading pschology and from market-maker's tricks to the quant models that dominate, Batur Asmazoglu provides an insider's view of a large sell-side bank FX trading desk. While the likes of Goldman's Thomas Stolper have proved it, Asmazoglu's first 'secret' is that "while many believe the big investment banks are very sophisticated, that is not the case at all."

Shaun Overton interviews Batur Asmazoglu from Myndos Capital. Batur traded €100 million in forex markets for Deutsche Bank and Credit Suisse and has worked for several other banks and funds for over a decade. The interview covers London trading life, how market makers operate in the forex market, algorithms and quants and trading psychology.

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[techmac]

They have no need for sophistication when most of the time they work based on insider information (or information bought from Thompson Reuters and likes with a 5 minute head start - it is the market maker side of the story, not the simple trader side of the story)