Approximately 20% of trading activity is executed with the top broker, while 60% is executed with the top five brokers, Coalition Greenwich’s report suggests.
The TRADE sits down with head of electronic trading and execution strategy at Investec, Dominic Lowres, following the launch of the bank’s new low touch trading platform ZebrA-X, to deep dive into trends across the low touch sphere and the impact of shrinking commissions on the competitive landscape.
The new platform, LINK, is part of the firm’s GlobalLink solutions and is set to “allow clients to make more efficient and effective trading decisions using next-gen infrastructure”.
“This partnership addresses the growing demand among institutional traders for advanced, centralised technology that enables seamless access to deep liquidity and high-quality execution,” said the firms.
Consolidation plans set to negatively impact smaller boutique asset management firms most heavily, said experts speaking at a closed roundtable, as the “opportunity to compete” may potentially dissolve completely.
New development opens trading opportunities in: Dubai, Kuwait, Qatar, Abu Dhabi, Saudi Arabia, Oman, Bahrain and Egypt.
According to a trading update seen by The TRADE, the asset manager is exploring “deepening” its existing strategic relationship with BNY through outsourcing trading outside of the UK.
The new scorecard system will provide monthly rankings of equity brokers for institutional investors.
Partnership aims to “elevate trading services” for buy-side traders by allowing them to access Winterflood’s trading flow directly via OptimX’s platform.
Participants across TD Securities, Comgest, OpenGamma, Six Swiss Exchange and XTX Markets explore the changing liquidity landscape unpacking the increasing dominance of new players, fragmentation and navigating the macro landscape.