About 45% of trading on Nymex is algorithmically driven, of which a smaller fraction is true high-frequency trading, CME Group chief executive Craig Donohue was quoted as saying by Reuters earlier this year. By comparison, analysts have estimated as much as two-thirds of volume in equities is driven by algorithms and HFT. A CME Group spokesman declined to give more recent figures on the levels of algo trading, citing “competitive reasons”. Ice, the other major exchange for energy futures, has never released such data.
Algorithmic trading in energy markets
About 45% of trading on Nymex is algorithmically driven, of which a smaller fraction is true high-frequency trading, CME Group chief executive Craig Donohue was quoted as saying by Reuters earlier this year. By comparison, analysts have estimated as much as two-thirds of volume in equities is driven by algorithms and HFT. A CME Group spokesman declined to give more recent figures on the levels of algo trading, citing “competitive reasons”. Ice, the other major exchange for energy futures, has never released such data.