TY - JOUR T1 - Trade Algorithms 2005 JF - Trading SP - 41 LP - 50 VL - 2006 IS - 1 AU - John J. Blank Y1 - 2006/03/20 UR - http://guides.pm-research.com/content/2006/1/41.abstract N2 - This article grew from a formal presentation to the CME management team. The original presentation, and this article, focused on the role trade algorithms played in driving the rapid growth of automated order execution. The article follows along the lines a development economist would take. It starts with demand drivers, moves through the supply chain, and ends with a look forward from the exchange perspective. ER -