TITLE

DIRECT EXECUTION PLAYERS GET BEEFY

AUTHOR(S)
Kite, Shane
PUB. DATE
November 2004
SOURCE
Bank Technology News;Nov2004, Vol. 17 Issue 11, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that banks and brokers are ramping up their equity service offerings, particularly by bundling direct access execution with algorithmic trading and commission management services, to keep institutions and hedge funds coming back to their stock trading desks. Yet the mere ability to offer electronic, direct execution and automated trading is no longer enough to provide competitive service differentiators. Portfolio managers are facing unprecedented pressure from shareholders and regulators to prove best execution and cost-effective money management. Confusion over costs has cropped up. however, when brokers combine services. Using algorithms to trade through direct access channels, or to break up orders among block, cash and direct trading desks, often draws premium charges.
ACCESSION #
15020771

 

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