How Can Algo Wheels Support Better Outcomes?
Traders face increasing pressure to achieve and evidence best execution. At the same time, firms are keen to improve the automation and efficiency of trading desks so they can focus expertise on more complex orders. To support these efforts, traders are increasingly looking towards an algo wheel. This smart selection tool provides a systematic, performance-weighted method of broker routing. James Wardle explains how it targets optimal execution outcomes, provides a structured audit trail and helps reduce implementation shortfall costs.