Capital markets technology provider Trading Technologies (TT) has moved to enhance its institutional clients’ visibility and agility in the equities markets with the launch of a new broker ranking system.
Named TT Broker Scorecard, the new offering will publish a monthly report ranking global and regional equity brokers by their liquidity and execution quality.
The system is based on trade data compiled by Abel Noser Solutions which TT acquired in 2023.
Read more – Trading Technologies completes acquisition of Abel Noser’s START
It will be available via the Abel Noser transaction cost analysis (TCA) solution, Trade Zoom.
TT said the solution will allow buy-side participants to “identify and vet” brokerage firms that trade in specific market segments. Sell-side clients can analyse their own competitive strengths and areas for improvement.
“In today’s ultra-competitive environment, the buy-side is increasingly trying to find liquidity in highly concentrated markets, while the sell-side is seeking ways to protect and grow market share,” said Peter Weiler, EVP managing director, data and analytics, TT.
“Our buy-side clients can find the counterparties that are most active in specific regions, countries, capitalisations, sectors and other segments. Sell-side brokers can identify and promote where they offer the most liquidity while establishing where they should focus on growing, leapfrogging competition or maintaining market share.”
Abel Noser took home the award for TCA Provider of the Year at The TRADE’s inaugural Leaders in Trading New York Awards in November last year.