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Feature: trading cost analysis comes of age
02 June 2010
One of the consequences of the credit crunch is a demand for greater levels of transparency at each stage of the order flow, says Richard Hooke of Fidessa.
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transaction cost analysis
Documented proof of skill, accuracy and integrity between fund managers and their brokers has become a tangible asset. In these challenging market conditions, the demand for transparency is accompanied by a need to impart greater cost controls and efficiencies throughout the transaction cycle. Buy-sides are looking for better value from their broker relationships and weighing up their choices for each trade: to place their faith in automation and self-directed trade or to shun algos and computer models and opt for the experience and skill that comes with more high-touch channels. Many are considering broadening their broker list to ensure that no sources of liquidity escape them, whereas others are looking to direct their efforts and their commissions to a narrower group of trusted, full-service brokers.
It has proved to be a fertile combination for trade analytics. Asset managers are looking for more comprehensive information regarding order execution, both to...
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