Visual Trader Systems, a subsidiary of Bolsas y Mercados Espanoles (BME), the Spanish stock and derivatives exchanges group, has developed a new IT tool, called SuperTrack.
It aims to allow stock market members and other clients to design their own trading models based on algorithms.
The use of algorithms for equity trading is becoming increasingly popular with major brokers, says BME. It is estimated that in 2006 over 20% of equity turnover on the American stock markets was traded algorithmically, and forecasts put the percentage for 2007 at over 30%.