Peter Weiler and Steve Glass are Co-CEOs of Abel Noser.
What were some key theme(s) for your business in 2022?
Abel Noser, the market leader in institutional trade analytics and agency-only trading solutions, has many notable achievements to look back on this year as 2022 comes to a close. After finishing 2021 with an impressive list of accomplishments including being ranked as the leading global multi-asset TCA provider by Aite Group, a number of high-profile hires, and the acquisition of a key competitor, Abel Noser was back at it in 2022 with numerous key activities to look back on including two new product launches.
For instance, the company’s TCA arm, Abel Noser Solutions, began offering a first-of-its-kind global options TCA product that covers all options strategies from covered calls to complex spread strategies. The offering enables clients to quantify the transaction costs of options hedging, income and more speculative strategies while evaluating broker performance metrics and execution quality. There were also many enhancements to our fixed income TCA product suite.
Subsidiary Zeno AN Solutions also launched an ESG-agnostic consensus ratings product that provides portfolio-level analysis to help assess, measure and monitor the degree to which manager practices are consistent with client ESG policies. On the broker-dealer side, Abel Noser LLC’s revolutionary START platform, a customizable execution algorithmic solution integrated with industry-leading analytics, was rolled-out as a way for their managers to proactively meet diversity and inclusion goals through a network of participating MWBE brokers while also mitigating best execution risk in an increasingly challenging trading environment.
Sell-side regulatory services had a busy year including partnering with Capital Market Solutions to offer clients a comprehensive FINRA CAT and CAIS solutions before 2022 deadlines as well as developing a set of new regulatory tools to help brokers identify improper or illegal trading activity while also evidencing best execution.
What was a highlight of 2022?
2022 was also a busy year for channel partnerships including strategic liaisons with major industry players like JP Morgan’s Neovest. Partnerships with more niche players included working with the Hackett Group for MWBE brokerage programs, and OWL ESG for consensus ESG data that powers a new fund holdings analysis product.
What are some expectations for 2023?
For 2023, Abel Noser expects best execution requirements for brokers and managers to continue to be updated and quantified including calls for more fixed income transparency, pending updates to SEC Rule 605 and various FINRA directives having to do with management and brokerage services. Clients also continue to call for cost-effective auditing and reporting tools, and regulatory services to mitigate their ongoing risk of potential fines or damage to their reputations. Abel Noser also expects a continued ramping up of electronic and algorithmic trading, and greater emphasis on trading clarity and oversight from asset owners.
For all of these trends and more, Abel Noser is pleased to continue to provide its industry leading analytics coverage for all asset classes within all institutional securities sectors.
