摘要： Every trader on Wall Street has heard of the Algo Wheel. But what the heck is it really?
Every trader on Wall Street has heard of the Algo Wheel. But what the heck is it really?And more importantly, why should you care?
There is a very loose understanding of the Algo Wheel in the marketplace. It’s some sort of broker ranking tool….or it picks the strategy for you….or it executes all its orders with the Wheel provider….and then generates some cryptic report.Or something like that.
Every one of those observations is from real traders at real firms. (Ask me how I know this.) So, here’s a quick review for everyone’s edification. Don’t worry, there’s no sales-pitch at the end. The only goal here is education.
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