kjm v As a result of recent controversy, the forex market has been under increased scrutiny. Four major banks were found guilty of conspiring to manipulate foreign exchange rates, which promised traders substantial revenues with relatively low risk. In particular, the world’s largest banks agreed to manipulate the price of the U.S. dollar and euro from 2007 through 2013. The forex market is remarkably unregulated despite handling $5 trillion-worth of transactions each day. As a result, regulators have urged the adoption of algorithmic trading, a system that uses mathematical models in an electronic platform to execute trades in the financial market. Due to the high volume of daily transactions, forex algorithmic trading creates greater transparency, efficiency and eliminates human bias. A number of different strategies can be pursued by traders or firms in the forex market. For example, auto hedging refers to the use of algorithms to hedge portfolio risk or to clear positions efficiently. Besides auto-hedging Read more: http://www.investopedia.com/articles/forex/061615/strategies-forex-alg orithmic-trading.asp#ixzz3g990Jx8P Follow us: @Investopedia on Twitter