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Algorithmic trading has two meanings: - the process of taking in inputs such as market data, current news, and producing orders without human intervention. - the process of optimising the trading of a large order or the market making process.

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They essentially perform the same function, but CTM is newer (Oasys Global is being retired at the end of 2012). According to Omgeo's FAQ: What is the difference between this [CTM] workflow and the O …
answered Apr 21 '11 by michaelv2