TAG, as an independent best execution measurement specialist, has met almost all participants: regulated markets, new MTFs, brokers, buysides, and data feed providers and regulators, and welcomes the opportunity to bring its vision of this newly fragmented landscape.
A firm of many parts >>
Clive Pedder, CEO of SunGard’s global trading business for London and Northern Europe discusses the seamless integration of recent acquisition, GL Trade.
Best practice >> The ethical highway. We to explain why firms need to rebuild their integrity in the aftermath of the financial crisis.
(photo: Roger Steare, Cass Business School)
Features
Finger on the pulse >> Goldman Sachs is always seen as being at the top of its game. Brad Hunt discusses the major challenges in the marketplace and how GSET is responding
In pursuit of excellence >> Best execution is embedded in investment management, but is it fulfilling its potential? We consider some options that could improve performance.
(photo: Rob Boardman, ITG)
OTC derivative >> Power to the people. OTC derivatives have been in the spotlight for a long time but are regulators responding in the right way?
(photo: Bill Stenning, DTCC)
Lead story
Opinion shaper interviews
Regulation & compliance >> MiFID: Round two.
MiFID is up for review and regulators are sharpening their pens. We look at what the agenda might entail.
(photo: Chris Pickles, BT)
High frequency trading >> In a flash. High frequency traders may be perceived as the next villains, but there is nothing new about their behaviour.
(photo: Steven Wood, Schroders)
Cover - Goldman Sachs
Guide to Low Latency 2010
For a digital version click on the cover above. For a print version click on any other photo and supply your name and address.
The Best Execution 2010 Guide to Low Latency Despite the financial crisis, many buy and sellside firms have dug deep into their IT pockets and invested in latency management systems. Against this background, the second edition of our Guide to Low Latency tracks the developments, trends and issues in the ever-changing technological landscape. Copies may be purchased on request (at £45 per copy) - click image.
Analysis - provided by TAG
Liquidity Fragmentation and Quality of Execution >> an in-depth analysis of fragmentation focussing on five major European indices, Chi-X, Turquoise, NASDAQ OMX Europe and BATS Trading Europe. December 2008 - November 2009.
A new beginning >>
The exchange has undergone many incarnations but Christian Katz, CEO, SIX Swiss Exchange, explains why the group is now in a better position to compete in today’s challenging marketplace.
Execution venues >> MTFs. The evolving MTF landscape. While MTFs have made their mark, change is in the air.
(photo: Roger Golesworthy,
NetBuilder)
Market Opinion
Bob McDowall, TowerGroup >>
a new EU directive may emerge to plug the gaps in the original proposals. Bob McDowall explores all the options.
Viewpoint
A balancing act >>
Ludovic Blanquet, COO Global Portfolio Trading, Ca Cheuvreux explains the benefit of dark liquidity-seeking algos.
Anthony Kirby, Ernst & Young >> Do developments in high frequency trading render traditional concepts of best execution and transparency redundant? Anthony Kirby investigates.
MiFID – two years on >>
Pablo Garmon, European business development manager, TAG Europe, assesses the successes and shortcomings of MiFID.