Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

Traders Poll

Is information leakage a major concern of yours when you trade?



Free Site Registration

November 1, 1998

Boston Block-Data Service Rolls Out The Commissioner

By Staff Reports

A popular online block-data ranking service used by equity-trading desks is adding a new feature that will report the monthly commissions paid by their institutional clients.

The AutexEx Group's BlockDATA is scheduled this month to release The Commissioner Online, a product developed by Financial Data Concepts in Rockville, Md., which tracks commissions as well as the names and market share of the top global agency brokers trading with each account.

The original system, introduced two years ago, is sold as a stand-alone CD-ROM to broker dealers.

BlockDATA, which is based in Boston, said The Commissioner Online is a separate database to its BlockOnline service. Customers will be charged for accessing The Commissioner Online based on usage and other parameters.

"Adding The Commission to BlockOnline is a natural progression from our service. Our goal has been to give clients easy-to-use access to critical information that provides insight in their business," said Bob Moitoso, general manager at BlockDATA, in a prepared statement.

"AutEx's trading data has long been relied upon to promote a firm's trading ability and effectiveness," he added. "Now with commission information, we further our commitment to making BlockOnline the most comprehensive site for ranking trading performance."