Toby Bayliss, Citi
Welcome to episode three of The Algorithmic Trading Podcast, brought to you by Voices in Business and sponsored by Sybase.
Today, we feature Toby Bayliss, European Head of Electronic Execution Sales at Citi, in conversation with Gavin Quinn, EMEA Business Development Manager at Sybase and Greg Grimer of Voices in Business.
Show Notes for this episode:
00:14 - Introduction
01:12 - What percentage of algorithms are actually successful?
02:58 - Where are the main costs? People? Processes? Data?
03:54 - The process of regression testing and back testing
05:10 - Building in changes for differing market conditions
07:10 - Calibration of algorithms
08:27 - Requirement for accurate historical data
09:25 - Comparison between European, US and Asian environments
13:38 - Tick sizes
14:58 - Buy-side versus sell-side issues
16:20 - Performance monitoring
18:00 - Myths around latency
19:03 - Key issues affecting the industry
21:59 - Block trading
23:45 - How does algorithmic trading affect client relationships?
24:46 - Equities versus other asset classes
27:01 - Issues specific to futures & options
29:03 -FIX Protocol
30:18 - End of interview & wrap-up
Click here for a full transcript of this episode.
We welcome all feedback, so please leave a comment here on the website, call us to leave an audio comment at +44 (0) 20 7193 1295 or send a message to algo@voicesinbusiness.com.
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