RT Journal Article SR Electronic T1 Evaluating Algorithmic Performance JF The Journal of Trading FD Institutional Investor Journals SP 82 OP 84 DO 10.3905/jot.2008.3.4.82 VO 3 IS 4 A1 Marie S. Konstance YR 2008 UL https://pm-research.com/content/3/4/82.abstract AB This article outlines some of the challenges in evaluating algorithmic performance. The root of the problem is the lack of a good clean data set that would enable apples-to-apples comparison between various algorithms. Given the data limitations, traders should exercise caution before accepting any algorithmic performance study at face value. The article also offers some suggestions on ways traders can get a better understanding of the algorithms they are using with the data they have.TOPICS: Statistical methods, exchanges/markets/clearinghouses, performance measurement