Outsourced trading has sparked fierce debate in recent years.
Buy-side traders believe their front-office execution team can still give asset managers a competitive edge, while others believe a third-party can either supplement or replace the trading entirely, for the better of the business.
A long-serving function of the active asset management industry, considered by many a jewel in the crown, trading desks now face arguably their biggest challenge yet in the form of outsourced trading desks. Born out of industry headwinds and changes in market structure, the trend has sparked c-suite interest as an alternative to the centralised trading desk.
But the trading desk is not a function destined to transition quietly into the outsourced world.
The TRADE and Global Custodian are proud to present this first of its kind digital feature exploring the development. With exclusive interviews from outsourced trading providers such as BNP Paribas, Cowen, Stone X Group, TORA and Wells Fargo, alongside views from current and former buy-side heads of trading, we throw light on some of the burning issues that encompass the outsourced trading trend.