Tabb Group Study Suggests Increase In Algorithms, Low Touch Approach

European equity trading continues a dramatic metamorphosis, according to a report released by the Tabb Group. Ninety-six percent of participants in the study of hedge fund managers and traders anticipate a continuation or increase in their use of algorithms this year, compared to only 16% in 2005.  Leading the path towards algorithmic trading are firms that pay less than $45 million in annual commissions, a report noted. Algorithms: “Low touch” brokerage to capture 40% of market Not only will algorithmic trading increase, but the study also says “low touch” brokerage channels, without heavy emphasis on human service, will become more…