Algo Wheels: Best Execution, Workflow Solution, or Both?

https://tabbforum.com/opinions/algo-wheels-best-execution-workflow-solution-or-both/

Larry Tabb – Algo wheels help buy-side firms automate their algorithmic workflow and rationalize their usage of broker algorithms. The wheel not only simplifies the difficulty of allocating order flow to a specific broker, it also helps the buy-side trader ascertain the quality of the broker’s algos given differing liquidity patterns and trading situations. … When used for best execution a broker wheel pits similar algorithms against each other using A/B-type testing strategies. … Normalizing disparate algorithms to measure performance and ensure best execution are the algo wheel’s killer application. … But algo wheels don’t guarantee best execution by themselves. … As algo wheels gain traction, TABB Group sees buy-side firms supporting two different types of tools. The first set includes more generic algorithms that fit into an algo wheel, which will be used for more traditional VWAP, TWAP, IS, or dark accumulation strategies; and the second set contains those more customized algos that will be tailored to specific situations. … Increasingly, the buy-side trader’s job will be focused on ascertaining the appropriateness of using a wheel, and those times when a more specific and customized tool will provide a better outcome.

Voice Trading and Beyond – The Future of Financial Trading Technology

https://tabbforum.com/opinions/voice-trading-and-beyond-the-future-of-financial-trading-technology/

Joseph Seroussi – Wematch aims to transform the traditionally voice-traded, interbank financial markets, working with our customers to enhance the way they work. We offer the technology and tools to cut costs, increase efficiency and reduce conduct risk for traders and their employers.

Robinhood is launching a new banking feature less than a year after blowing the launch of a similar product so bad Congress got involved

https://www.businessinsider.com/robinhood-cash-management-launch-congress-2019-10?amp%3Butm_medium=referral&utm_campaign=Feed%3A%2Bbusinessinsider%2B%28Business%2BInsider%29&utm_medium=feed&utm_source=feedburner

Dan DeFrancesco – With Cash Management, uninvested cash will be moved to program banks, which will offer insurance from the Federal Deposit Insurance Corp.

Royal London Asset Management Picks TradingScreen for Execution and TCA

https://theindustryspread.com/tradingscreen-execution-tca/

Intercontinental Exchange and MSCI expand relationship

https://www.institutionalassetmanager.co.uk/2019/10/01/279120/intercontinental-exchange-and-msci-expand-relationship

Lynn Martin – “With this expansion, MSCI will license and integrate ICE Data Services’ market leading fixed income pricing and reference data into MSCI’s products and services,” says Diana Tidd, Head of Index at MSCI. “MSCI and ICE have developed a strong relationship over the past decade, and we look forward to providing our clients with more access to ESG and fixed income data and tools.”