Firms are discovering there is a strong business need for accurate real-time positional data across their organizations. Sapient's Duncan Cooper says access to such data would maximize investment opportunities and ensure that a firm can be fully invested. For some, an Investment Book of Records (IBOR) addresses that need.
In what amounts to its second stab at competing with broker-dealers that match orders outside of the public markets, the New York Stock Exchange is looking to replicate the functionality of a dark pool under a proposal filed with the Securities and Exchange Commission in November.
The Depository Trust & Clearing Corporation is readying a new real-time post-trade warning system for that will alert member firms when they go over their pre-defined trading limits.
The new buyside trading venue is using an early warning system for market-moving events from Verdande Technology
Institutional brokerage S.J. Levinson & Sons and vendor Charles River formed a partnership to distribute Levinson's transaction-cost analysis software through Charles River's trading and portfolio management system.
ConvergEx Group has begun to offer clients detailed transaction-cost analysis in real time for every child order sent, not just the initial order.
There is only one way to go when things hit rock bottom: up.That's the view on U.S. equity trading commissions and volume this year. One consultancy forecast that commissions will rise 9 percent and volume move up 6 percent.
Firm58 now offers commission-sharing arrangement management services free to small and midsize brokers who have 10 or fewer clients in their existing CSA or soft dollar programs.
Commissions paid by U.S. institutions dropped for the third straight year, down 6 percent for domestic equities, according to a recent Greenwich Associates study of the buyside.
The cry from the buyside has been that there are too many brokers pitching products that are too similar, particularly agency shops that offer standard execution and check-the-box research. But given the buyside's increased hunger for more analysis of trades, one agency broker might have found itself in a sweet spot. Abel/Noser offers respected trade-cost
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