The buyside now can save time getting its private client-or wrap-trades done, as two system vendors have streamlined the trading and allocation process.
MSA, a provider of wealth management trading solutions and order management systems, has linked its Archer OMS to ITG’s Triton execution management system and clearing service. Linkage of the two vendor’s systems provides institutions with access to the same suite of analytics, dark pools, algorithms and cash desks previously reserved for traditional mutual fund and institutional buyside managers.
In private client and wrap trades, wealth managers typically direct trades back to each wealth program’s trading desk, on a one-on-one basis. Historically, this has created labor-intensive trading work-flow burdens on the buyside trader, as they have to deal with multiple trading programs.
“The Archer platform gives buysiders the ability to trade names across thousands of portfolios, create a block trade and now quickly send that order to ITG’s Triton system for access to best-execution tools and additional dark and lit liquidity,” said Bryan Dori, chief operating officer at MSA.
Furthermore, through ITG’s single ticket clearing service, all trades executed through Triton flow back to MSA as aggregated ITG trades to streamline the allocation, clearing and settlement process for the manager, adding more efficiency to the process, Kurland added.
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