Buy sides turn to FIX data to improve transparency in algo performance for programme trading
Trader TV, London
Buy-side firms are finding new ways to gain greater transparency into broker algo performance as they seek more accurate execution analysis.
Speaking to Trader TV, Lucy Carter, reporter at Markets Media, discusses her recent story on how Baillie Gifford, a UK-based asset manager, and its execution team are using FIX Tag 527 to identify broker algos used during programme trades; and how they are cleaning the data and feeding it into third-party Transaction Cost Analysis (TCA) tools.
The piece explores the demand for standard data and scrutiny of broker performance and touches on whether in-house projects, like Baillie Gifford, are reflective of buy-side innovations in the industry.
06.08.2026