Locked-down investors aim algorithms at chaotic currency markets

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LONDON (Reuters) – A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.

FILE PHOTO: A woman wearing a protective face mask walks past a board showing currency exchange rates in Kiev, Ukraine March 16, 2020. REUTERS/Valentyn Ogirenko/File Photo

Investment banks have seen a surge in clients trading with “algos” since early March as the latest generation has proved faster than humans at adapting to fragmented markets where liquidity can swiftly evaporate, senior executives told

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