DECEMBER 1, 2011
— Royal Dutch Shell has been using algorithmic FX trading for the last six months
— It uses computer model-driven trading to get trades done rather than to speculate
— The oil major uses three types of algorithms to trade in London, Singapore and Rio de Janeiro
By Katie Martin Of DOW JONES NEWSWIRES
LONDON (Dow Jones)–Anglo-Dutch oil company Royal Dutch Shell PLC (RDSA.LN) has been using algorithmic trading in foreign exchange for the past six months, the firm’s head of foreign exchange said Thursday.