Algorithmic trading to take majority share in 2010

More than half of all equities trading in the US will be done using algorithmic dealing systems by the end of 2010, according to Boston-based research consultancy Aite Group.

Aite says algorithmic trading has hit the mainstream in the US equities market and is increasingly becoming the execution tool of choice for both the sell-side and the buy-side traders.

At the end of 2006 the share of algorithmic trading will approach one-third of total US equities trading volume, says Aite, but this will rise to 53% by the end of 2010.

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