$IGEX According to The Tabb Group, Credit Suisse, Goldman Sachs, Morgan Stanley, and Investment Technology Group are the pioneers in the field of algorithms trading. Other firms that are algorithms trading include Citigroup, Lehman Brothers, BNY Brokerage, JPMorgan Chase, Merrill Lynch, and Nomura Securities. Other sources include buy-side quantitative analysts that create their own algorithms and third-party vendors like FlexTrade Systems, Progress Software and Portware, which offer canned algorithms and tools to develop customized algorithms. This is all USA based. IGEX is one of the first to take these models to Asia
http://finance.yahoo.com/news/indo-global-exc...00508.html
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