Indicates that the order or trade originates from a computer program or algorithm requiring little-to-no human intervention.
- 0 = Non-algorithmic trade
1 = Algorithmic trade
In the context of ESMA MiFID II, a trade has to be flagged as "algorithmic" if at least one of the matched orders was submitted by a trading algorithm. See Directive 2014/65/EU Article 4(1)(39).