Commissions/TCA Channel

Buyside Group Shoots For Greater Transparency

A key industry group is looking to this year expand the amount of information included in trade confirmations, giving the buyside greater detail about their trades—and increasing transparency in the marketplace.

New Leadership, New Name, Pipeline Struggles to Start Over

Jay Biancamano, the new head of the former Pipeline Trading Systems, admits his company will have a difficult time over the next year, and changing the firm's name to Aritas Securities isn't going to solve all its problems.

Liquidnet Gets Kudos For Operational Performance

A new survey has ranked Liquidnet number one for operational performance in the United States for the fourth year in a row.

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High-Touch, Research Up In Survey

High-touch and research-driven trades rose last year, but the Street also felt the pain of a 12 percent drop in commissions, according to a recent Greenwich Associates study of the buyside.

The Right Mix

Once equity trading went electronic, the smart money knew it was only a matter of time before machines began making decisions that were once the domain of the trader. For the buyside, it has always been essential to know which broker to choose, based on past performance and a sellside firm's expertise. Today, the same rules apply-except that man's best friend on the buyside isn't the person on the other end of the phone or IM. It's becoming more and more the computer on the desk.

More Firms, More CSAs

The popularity of commission-sharing arrangements continues to grow among institutional money managers looking to pay for research. Today about three-quarters of long-only shops are using CSAs, and that percentage is expected to grow in 2011, according to a recent study by TABB Group.

New Horizons At Munder

Dennis Fox, head trader at Munder Capital Management of Birmingham, Mich., is in the midst of integrating his firm's trading system with its recent acquisition: Integrity Asset Management of Rocky River, Ohio.

TradingScreen Adds BECS and Clients

Looking to juice its trade-cost analysis technology and client list, TradingScreen acquired Citi's multi-broker, post-trade TCA product BECS for an undisclosed price.

Cover Story: Gotta Have It!

Research trumps trading. That's the reality facing trading desks in the current industry slump.

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