Pensions & Investments | March 16, 2017
For investors, “I would say the tick pilot hasn’t helped,” said Philip Pearson, director, algorithmic trading, Investment Technology Group Inc., New York.Read more >
Traders Magazine | March 15, 2017
Implementation shortfall algorithms, despite their popularity, are in need of some retooling.
That’s what the buy side told agency-only broker ITG in its latest survey which focused on algorithmic trading strategies and how traders view them. The survey follows on a recent survey released by industry consultants Greenwich Associates in January 2017, which found that only 7% of buy-side traders are fully satisfied with the standard algos provided by their brokers.Read more >
Global Trading Magazine | March 10, 2017
The pendulum has finally swung to a model where buy-side trading is a valued function in its own right, so brokers must adapt to serve their clients effectively.Read more >
In Asia Pacific (APAC), institutional trading costs are typically higher than in other regions and have a material impact on fund returns. Fund managers with good Asia trading performance are saving an average of 50 basis points versus those with poor trading performance—enough to move a fund from negative to positive return over the past three years. As returns have compressed, managers have needed to look increasingly at reducing the costs of how they put their investment decisions into action.
The Telegraph | February 28, 2017
LSE merger with Deutsche Borse:
Rob Boardman, European chief executive of equities broker ITG, said MTS was a “really small segment” of the LSE’s business but acknowledged it had lots of interest from various regulators as it was a venue for trading government bonds. “They could spend years talking to regulators about trying to divest this and get nowhere,” he said. “This could be a show stopper.”
Mr Boardman said the LSE had already made a “big concession” via its agreement with the European Commission to sell LCH Clearnet SA, and so it was “very odd” the Commission would potentially stifle the deal over MTS.Read more >
Traders Magazine | February 27, 2017
Commenting on the new enhanced RPA solution, ITG’s Head of Global Commission Management, Jack Pollina, said “the coming MiFID II unbundling requirements are likely to impact asset managers around the world, not just in Europe. More than ever, European and global asset managers need an experienced global commission management partner to help them navigate and implement complex operational processes. ITG’s dedicated global team and enhanced RPA solution will enable clients to meet the challenges of MiFID II compliance and reporting, easing regulatory and administrative burdens and providing payment flexibility.”Read more >