- Use of algorithms on Bloomberg's FXGO platform is growing to an expected 25% of spot trading volume by the end of this year from just 5% in 2014, said Tod Van Name, global head of electronic trading for foreign exchange and commodities at Bloomberg LP. The page 6 story “FX algorithms could be great for long term but ...” in the Oct. 31 issue did not specify the platform and had an incorrect title for Mr. Van Name.
- The Page 1 Oct. 31 article “State elections focus on fees, amendments and promises” contained errors regarding the New Jersey Division of Investment, whose director is the chief investment officer for the $72.2 billion New Jersey Pension Fund, Trenton. The governor appoints the treasurer; the treasurer appoints the CIO. The State Investment Council, most of whose 16 members are appointed by the governor, recommends CIO candidates to the treasurer.
Corrections for Nov. 14, 2016