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Algorithmic Trading

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Definition:
Algorithmic Trading is the use of computers to submit trade orders in which complex algorithms are used to decide buy/sell prices, timing of trades, and order quantities. It is used by hedge funds, mutual funds, and pension funds (as well as other institutions) to split up large block trades into smaller batches as a way not to greatly affect stock price/purchase costs.

Related Concepts:

Block Trade
Electronic Trading
Market Making
Statistical Arbitrage
 

Available Positions Related to Algorithmic Trading:

Hedge Fund jobs

Securities Trading & Brokerage

Relevant Functional Areas:

Hedge Funds
Institutional Investment
Prime Brokerage
Sales & Trading
 

Related Job Titles:

Quant Developer
Quant Trader
Trader
 

Synonyms:

Algo Trading
Black-box Trading
Robo Trading