Report ID: SQMIG45J2250
Report ID:
SQMIG45J2250 |
Region:
Global |
Published Date: December, 2024
Pages:
186
|
Tables:
115 |
Figures:
72
North America led the highest market share in the global algorithmic trading industry. Many players are competing within North American market, and it's also where the market will lead in the development and adoption of algorithmic trading solutions. The above factors have further boosted governmental support toward international trade and led to strong investments in trading technology. Availability of banks, larger technological advancements, and extensive usage of algorithm trading inside the financial houses will all contribute to the rise of the regional sector. One is the strong presence of institutional investors and hedge funds looking to up their trading efficiency that has, so far, ensured the US algorithmic trading industry led the market in 2023. The increasing dependence of approaches to trading on data analytics and machine learning also propels market growth.
Asia-Pacific is expected to grow significantly over the projection period following significant investments by both the public and commercial sectors to enhance their trading technology. This will increase demand for trading process automation solutions. In addition, growing usage of algorithmic trading technology by trading firms is opening profitable prospects for the major market participants. For instance, in May 2022, India-based online brokerage firm TradeSmart has collaborated with algo-trading platform KEEV which will help the traders to trade more accurately and effectively for increasing their return. This sector also has growing usage of cloud-based technology to drive the growth of regional markets.
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Report ID: SQMIG45J2250