The COVID-19 pandemic has had a positive impact on the growth rate of the algorithmic trading market due to an increased shift toward algorithmic trading for making decisions at a very rapid pace while reducing human errors. For example, the Reserve Bank of Australia stated in a recent publication that the Covid-19 pandemic may have only accelerated the industry's shift toward electronic trading.
During the pandemic, there is also an increase in the popularity of High-Frequency Traders (HFT), which is fueling market growth. Algorithmic trading, also known as automated trading, is a type of automation in which a computer programme is used to execute a defined set of instructions or rules, which includes the buying or selling of an asset based on changing market data.
Technology, which is evolving at a rapid pace, is rapidly changing the way we trade in the stock market. Especially during the difficult times of the Covid-19 pandemic, technology has opened many doors, including a new upcoming generation of traders who are considering trading as a full-time career. Algorithmic trading is one such technology that has transformed stock market trading. It has provided traders with a competitive advantage to improve their skills and is poised to outperform traditionally.
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