Growing demand for AI-based services in the financial sector is driving growth of the algorithmic trading market. In algorithmic trading, AI helps to adopt market conditions, learn from experiences and make trade decisions accordingly. Trading houses such as Blackrock, Renaissance Technologies, and Two Sigma among others use AI for selecting stocks. According to Coherent Market Insights, in 2018, about 37% of the financial institutions in India invested in artificial intelligence-focused technologies, and around 68% plan to adopt it in the near future. Therefore, increasing adoption of AI in the financial sector is expected to drive growth of the algorithmic trading market over the forecast period. Moreover, increasing adoption of non-equity trading algorithms by institutional asset managers is another factor driving growth of the algorithmic trading market.
Global Algorithmic Trading Market was valued at US$ 10,346.6 Mn in 2018 and is expected to exhibit a CAGR of 10.7% over the forecast period to reach US$ 25,257.0 Mn in 2027.
Leading Companies in the Algorithmic Trading Industry:
1. AlgoTrader GmbH,
AlgoTrader GmbH, was founded in 2014 its headquarter in Zurich, Switzerland. The company operates in 185 countries. In 2018 AlgoTrader believes that it is well positioned to benefit from the continued move towards automated and algorithmic trading across all asset
2. Trading Technologies International, Inc.
Trading Technologies International, Inc. , was launch in 1994. And its headquarter - Chicago, Illinois, United States. It operate over 50 country.
3. Tethys Technology, Inc
Tethys Technology, Inc, was launch in 2000 and it’s headquarter located in New York, New York, United States .it operate over 50 country.
4. Gennova Biopharmaceuticals Ltd,
Gennova Biopharmaceuticals Ltd,, was launch in 2001 and it’s headquarter located in, Pune, India.it operate over 50+ country.
5. Tower Research Capital LLC
Tower Research Capital LLC. founded in 1998, its headquarters located in New York City, U.S. With businesses in over 35 countries. Tower Research Capital LLC, or simply Tower Research, is a high-frequency trading, algorithmic trading, and financial services fund.
6. Lime Brokerage LLC
Lime Brokerage LLC., was launch 2000 and its headquarter New York City United States . It operate over 36 country. In 2018Lime Brokerage LLC announced the release of a new version of their desktop and web-based Lime Trading Portal.
7. FlexTrade Systems, Inc
FlexTrade Systems, Inc Founded in 1996. Its headquarters located inGreat Neck, New York. With businesses in over 40countries. 10x Genomics today announced its second in situ sequencing acquisition: Boston-based ReadCoor, Inc. for cash and stock
*Definition- Algorithmic trading, algo trading, automated trading, or black box trading is a technological advancement in the stock market. It is a programmed process that runs on a computer that follows a specific set of instructions (an algorithm) for placing a trade in order to generate profits at a speed and frequency that is impossible for human traders.).
