PT  - JOURNAL ARTICLE
AU  - Niall McIntyre
TI  - Are Algorithms Commoditized?
DP  - 2006 Mar 20
TA  - Trading
PG  - 21--25
VI  - 2006
IP  - 1
4099  - http://guides.pm-research.com/content/2006/1/21.short
4100  - http://guides.pm-research.com/content/2006/1/21.full
AB  - There is a perception that algorithms are becoming commoditized, which is partially fuelled by the number of brokers offering algorithmic trading. If so many brokers can do it, the argument runs, it cannot be that difficult. Actually, the algorithmic provider market is not commoditized—it is just a little opaque. The quality of algorithms varies dramatically from broker to broker. The way to find the best in class is to talk to your brokers and understand how their algorithms work and the implications of their trading strategies—use this article as a guide.