Cover Story: Keeping Watch
Traders Magazine Online News, May 7, 2012
Id like to see the whole marketplace doing this, Chris Concannon, a partner at Virtu Financial, a registered market-making firm, told Traders Magazine. Its the next wave of change and evolution. Its an expansion of transaction cost analysis. Now, were going to do TCA at the counterparty level. And Im okay with that.
Concannon says he welcomes an analysis of the way he provides liquidity. Tell me how I do, he said, and Ill adjust. We provide customized liquidity. I can go bigger. I can narrow my spread. I can do mid-point. We have very customizable liquidity. So, I want to be scored. Everyone should be scored. We are headed into a world of TCA on steroids. And its a good world.
SEE CHART: Bulge Bracket Dark Pools
For more information on related topics, visit the following channels: