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.
Damian Bunce and James Day >> explain how Barclays Capital, which bought Lehman’s US operations two years ago, are choosing the best of breed services and products from both organisations to create the optimal business.
Regulation & compliance >> Seeking equilibrium
It is hard to believe that two years have passed and the MiFID review is upon us.
(Photo: Luca Lancellotti, List Group)
Features
Taking on a new role >> Despite MiFID, best execution is still difficult to define. Brian Mitchell, who has recently stepped into the new role of head of dealing at Gartmore assesses the challenges in the industry.
Is this the way forward? >> The trend may be moving towards multi-asset class trading but there will be hurdles along the way. Lynn Strongin Dodds reports.
(Photo: Tim Dodd, SunGard)
Market overview >> MAT - organisation and cultural change
Multi-tasking. The trend towards multi-asset class trading is not just about the technology and ideas but it is also about having the right people.
(Photo: Mike Pinggera, Insight)
Lead story >> Multi asset trading
Opinion shaper interviews
Data management >> Integration
A more informed view. We argue that buy and sellside firms need to take a much more holistic view to data management.
(Photo: Norbert Boon, Pacemetrics)
Market Infrastructure >> Smart order routers
Heading in the right direction. Multi-asset SOR is not a pipe dream although it is still a few years away from being a reality.
(Photo: Stephane Malrait, SocGen CIG)
Gartmore
Guide to TCA 2010
The Best Execution 2010 Guide to Transaction Cost Analysis (TCA) Following on from 2009 we will be publishing an in-depth guide to TCA. Participation opportunities are available - please click here or on the image of last year’s guide to request a prospectus.
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, BATS Trading Europe and NYSE Arca Europe. June 2009 - May 2010.
Thomas Bill >> outlines how Orc and Neonet, which joined forces earlier this year, are hoping to create a global player in the in equities and derivatives technology trading space.
Market Opinion
Bob McDowall, TowerGroup >>
A strategic approach is needed. Bob McDowall warns of the unintended effects of regulation, both current and in the pipeline, and what the buy and sellside need to do to meet these challenges.
Viewpoint
One Community. One Connection >> Jerry Brunton, BT’s global banking & financial markets’ marketing director, reminds us of the last decade’s silent revolution and what we can learn from it.
Anthony Kirby, Ernst & Young >> Risk management at the cross-roads. It is one thing to put risk management at top of the agenda and another to have an integrated response. Anthony Kirby explains how firms can effectively develop and implement those frameworks.
Fragmentation & consolidation
>> Le dernier virage. Pablo Garmon, European business development manager, TAG (Transaction Auditing Group, Inc.) Europe, assesses the state of market fragmentation and consolidation in Europe over recent months
Next generation smart order routing >> Ian Salmon, head of enterprise business development, Fidessa
Democratisation of the Equity Markets: Unfinished Business >> In their quest for new regulation, Richard Balarkas, CEO of Instinet Europe encourages regulators and politicians to reflect on history, reach agreement on the purpose of the markets and resist temptations for populist point scoring.
